Transcript: Unintended Consequence: Questionable Appraisals

RENEE MONTAGNE
NPR Morning Edition
08-21-2009
Unintended Consequence: Questionable Appraisals

Host: RENEE MONTAGNE
Time 10:00-11:00 AM


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RENEE MONTAGNE, host:

The National Association of Realtors said that sales of existing homes rose sharply in July, up more than seven percent. That was the forth straight month of improving sales. The last time sales rose for four consecutive months was in June of 2004, back when housing was booming. But realtors around the country are complaining that new regulations are causing headaches for those trying to buy homes. One big problem, they say, centers on home appraisers the people who estimate how much a house is worth.

NPR's Chris Arnold ...

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