Quote:
Originally Posted by Juiced06GTO
Is it me or does it seem like double the tax assessed value or something around there has been the norm for listing prices? I wonder if appraisals aren't coming back high enough to fund the loans people are looking to take?
|
I think we are seeing investors pulling back from the market. They have been jumping into market over the past few years because of high rental rates and quick price appreciation.
Now that it's slowing down, it should get back to a more normal market. Unfortunately, that means future prices will reflect this correction.