Steven R. Smith

FHFA Housing Price Increases Are Suspect: Better Stick with Case-Shiller

Often times, in market conditions like we are in now, the Sales will include Concessions that prop up the Prices, which are Not deducted or accounted for in their statistics.

How Will the Housing Crisis End?

You miss the point so far that it is amazing. Lowered Lending standards allowed what happened to happen. Liberal Lending is a root cause of the problem of the run up in Housing Prices.

Prices need to come down more for them to once again be Affordable. Bringing prices down another 25% to 40% will solve the problem. That and never allow another loan to be made to someone who cannot afford it.

And put all of the Appraisal Whores in prison for a year or two, that should cause some sobriety in theri field.

You would only need to put 30,000-40,000 of them in jail, along with the 50,000 or 60,000 unlicensed people they had in the field doing the appraisals.

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.