Appraised Values vs. Contract Prices
In February, appraised values exceeded contract prices by an average of 1.7 percent nationwide. The difference between the two values was highest in Maine and Mississippi. Maine was the only state with a differential exceeding 5 percent.
Source: Platinum Data Solutions, The Appraisal Quality Company5[TM]. Platinum Data is the industry's pioneer of several collateral quality control (QC) technologies and a provider of collateral data and analytics for mortgage lenders, servicers and investors, as well as real estate appraisers and appraisal management companies. Its Platinum Accuracy Index is derived from data collected through its RealView[R] and FreeAppraisalReview.com[R] technologies, which screen and analyze data from more than 100,000 appraisals each month.
Platinum Data is the creator of OptiVal[R], the...