Tuesday, November 29, 2022 | The Latest Buzz for the Appraisal Industry

CFPB Reverses Pandemic Flexibilities, Nearly 40% of Homes Are Selling Above Asking Price, and More Appraisal News

The CFPB reverses several temporary pandemic flexibilities put in place last year to protect consumers. A record-breaking 39.2% of homes sold above list price in March, with San Jose, Sacramento, and Salt Lake City among the top real estate markets driving the all-time high. A new report finds that online auctions reduce REO holding times by 52%. Dustin Harris (a.k.a. The Appraiser Coach) writes that Fannie Mae is not coming out with any new