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Vacant Homes in U.S. Climb to Most Since 1970s

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Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
On any given night, 1.6 million homes are vacant....
 

Cigar

Member
Joined
Aug 9, 2007
Professional Status
General Public
State
California
D.R. Horton Inc., the second-biggest U.S. builder, held an ``UnAuction'' on Feb. 16 and Feb. 23 with prices cut as much as 50 percent at 23 developments in Southern California.

.......

``The builders are looking for ways to accelerate sales and get inventory moving,'' said Marty Clouser, senior vice president at Kennedy Wilson. The company auctioned 450 properties last year for $170 million at prices 85 percent to 90 percent less than the homes' listings, Clouser said.
How do appraisers handle situations like this, 85 to 90% off?
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
they ignore it...

but then again perhaps you meant to ask "How SHOULD appraisers handle..."
 
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