Low appraisals tend to occur in hot housing markets, where buyers are often forced to pay above market value for a home. (realtor.com)
With the recent liquidity crisis in the subprime market, the formerly red hot housing sector has finally started to cool off. (fatpitchfinancials.com)
It remains to be seen whether the changes will have a cooling effect on hot housing markets or how much more difficult it will be for would - be homebuyers to secure mortgages. (canadianbusiness.com)