Eric Schwartz has been a real-estate appraiser for 28 years and has been based in the D.C. area for eight. He also serves on the national board of the Appraisal Institute. The Examiner recently asked him how the turmoil in the housing market has changed appraisals in the region.
Foreclosures in the D.C. area are low compared with most other large metropolitan areas, but they’re still up six-fold from last year. Are they having an affect on appraisals here?
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