CNNMoney reports as home prices increase and inventories shrink, appraisers are valuing homes at or above their values, according to chief economist Lawrence Yun of the National Association of Realtors. A Seattle-based real estate agent says none of the appraisals for the homes he has sold this year have come in below the selling price. In some hot markets appraisals are above the selling price. As MHProNews has learned, in West Covina, Calif. an appraiser wrote up the appraisal at the purchase price. Agent Eric Tan says, “I was able to sell the client’s home for about $40,000 more than I thought the appraiser would value it.”

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