I’ve been in several deals fairly recently that have had appraisal issues with values coming in much lower than they should have based on the neighborhood data, and comparable homes that supported a much higher price. In many areas we are seeing home values on the rise, yet appraisers not reflecting the change in their official opinions of value. I know first hand from speaking with several appraisers about their low valuations that when pressed for an answer, the answer is not satisfactory. In my opinion these appraisers are not willing to do their job and take into account a market place that has rising values if there are lower comparable homes that they can use. It is appalling, and in most cases costly for both buyers and sellers.