What is 2017 going to bring as far as home price appreciation? Back in May, one-fifth of all home sales fell due to the appraisal, and Parker CO and Douglas County were not immune. Isn't that stunning? In other words, we got ahead of ourselves on pricing big time. It was a classic imbalance of supply and demand that got us here.
We continue to see homes not appraising and deals falling even in December, although it may not be at the same levels we saw back in the spring of this year. If you are a seller you need to be aware of this risk. Real estate deals that fall apart cost a seller time and money and its not worth it in the end.