“My Mom has a 3-bedroom ranch on a small-ish lot in a no-longer ‘good’ neighborhood in the town where I grew up. She just had it appraised. A local Realtor told her she can get $300K for it. Surreal.”
The median price for homes in my town went up from $560,000 last year to $695,000 this year.
That’s surreal...
Appraised value is real only in a healthy market. That is no longer the case in 90% of markets