CBDP Happenings

What Buyers and Sellers Need to Know About the Appraisal Gap

By KCM Team
Posted by Inactive Shanna Shepherd on September 08, 2021 in  uncategorized
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explains it like this: “Recently,... read more

The Difference in Net Worth Between Homeowners and Renters Is Widening

By KCM Team
Posted by Inactive Shanna Shepherd on September 02, 2021 in  uncategorized
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building wealth: “Home ownership is one of the indicators Americans say is least connected to financi... read more
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