Apple Appraisal Blog

After increases in nearly all areas over the summer in average sales prices, home values seem to be stabilizing if not sputtering a bit.

It's good to see thing's stabilizing, but it brings up some interesting questions.

HUD releases Mortgagee Letter 09-09, requiring appraisers to include additional comparables and additional data for properties lovated in declining markets. I think it's clear that most markets in California have stabilized and many are increasing.

I haven't seen HUD release any info stating ML 09-09 doesn't need to be followed anymore.

Maybe if someone sends HUD this blog, HUD will think about it...;)

You can see California's Home Price Stats at:

http://www.appleappraisalinc.com/prices