Appraisals Weigh Down Housing Sales

Some realtors, home-sellers and economists believe low-ball appraisals are undermining a housing recovery.  Some appraisers say that homeowners are just having trouble facing reality.  “It’s the market.  It’s not the changes” in the appraisal process, says Charles MacPhee, a partner with Butler Appraisals LLC.

Wall Street Journal August 12, 2011

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