Bay Area Home Values Drop For First Time in Four Years.
Buyers burnout seems like a hopeful sign that there are, in fact, limits to how crazy things can get. But the usual caveats apply: One agency’s analysis may differ from others, and one month or even one quarter do not a trend make. Many local appraisers report that appraisal of homes disappoints some buyers in certain areas. When the selling price does not match the appraisal results, buyers too often have to come up with cash.
Many real estate appraisers are blamed for " low valuation", while in fact real estate appraisers are reflecting market response.