Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions change. However, appraisers frequently do not make time adjustments ...

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. An appraiser can adjust ...

Underappraisals According to the analysis, when the appraiser came in at below contract price, called underappraisal, appraisers made time adjustments in 64% of the properties.

The adjustments are made to the recorded sales prices of the houses the appraiser chooses as comparables to get a more accurate sense of the value of the house being sold or refinanced.

The adjustments are made to the recorded sales prices of the houses the appraiser chooses as “comparables” to get a more accurate sense of the value of the house being sold or refinanced.