“IMO, there are many factors that can define what the “market” is, and that includes appraised price, assessed price, CMAs, AND the expert opinion of those in the real estate field. The market can’t be *just what buyers wish it was or want to pay, if that were true there would be quite a few areas of this country (SoCA, NYC, San Francisco, etc.) that would have very different real estate pricing than what we see now.”
No, sorry Laura, there is exactly one thing that defines a market: a willing buyer and a willing seller at a given price. Absolutely amazing! Reading laura1202’s posts really gives you some insight into the complete lack of understanding of basic microeconomics that allowed people to justify current home prices in their minds. Really makes me feel sad about the state of education in this country.
