NAR's Lawrence Yun warns faulty appraisals are stalling home sales: "In the past month, stories...

|By:, SA News Editor

NAR's Lawrence Yun warns faulty appraisals are stalling home sales: "In the past month, stories of appraisal problems have been snowballing from across the country with many contracts falling through at the last moment. There is danger of a delayed housing market recovery and a further rise in foreclosures if the appraisal problems are not quickly corrected."