- Jul 31, 2013
- Professional Status
- Certified Residential Appraiser
A recent review of three-quarter million purchase-loan appraisals completed in 2015 and 2016 showed 69.1 percent of the comps used in those appraisals were priced higher than the subject property and 30.9 percent were priced below it.
I thought this was interesting. The data seems to suggest that comparables are being selected by price.