What Buyers and Sellers Need to Know about the Appraisal Gap

Itโ€™s economy 101 โ€“ when supply is low and demand is high, prices naturally rise. That is the simple principle that accounts for todayโ€™s housing market. Home prices are appreciating at near-historic rates, and thatโ€™s creating some challenges when it comes to home appraisals. In recent months, itโ€™s become increasingly common for an appraisal to come in below …