Home Appraisals will no longer be required on certain homes sales of 400K and under

In a 9/27/19 article published by Housing wire they note that the Federal Reserve has signed off on an appraisal rule change, making change official that certain properties under $400,000 dollars will no longer require and appraisal. See the full article below:

Go directly to Housing Wire Article by clicking on the link below:

https://www.housingwire.com/articles/appraisals-will-no-longer-be-required-on-certain-home-sales-of-400000-and-under/

Here's what our friends over at the national real estate post have to say about the subject.

https://thenationalrealestatepost.com/cfpb-says-no-appraisal-needed-on-homes-400k-and-under/