Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are rarely below the purchase contract price: Some 30% of appraisals in our sample are exactly at the home price (with less than 10% of them below it). We lay out a basic theoretical...

This e-book examines the importance oft the impact of the capital markets on the real estate market in terms of its pricing, availability of money and financial engineering. It is necessary for us to understand the relationship of capital markets to real estate and how it is demonstrated around...