[quote=enron_by_the_sea]The funny thing, however, is that I just refinanced and the appraisal came in quite low – quite a bit lower than even late-2010, when I last refinanced. So I am not sure what to believe.

IMO even if there is great demand+low inventory out there, appraisers are not going to let the prices rise much for some time to come.[/quote]
I hate appraisers. Most have no idea what they’re doing.