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Will housing prices ever go down?
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Subject Expert
It’s more hyper local than region. Usually you see homes not appraising in neighborhoods with high variability in home size, price, and style. Also neighborhoods where there is low inventory - there are less true comps. Homes that are an anomaly in the neighborhood also have difficulty appraising. Appraisals follow a super standard formula so you could pretty much tell if your home will appraise in advance if you know what to look for.