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Resource ID: #24035
Subject: Real Estate
Source: Sentinel (Orlando, Fla.)
Affiliation: 
Date: 04/15/2008; 05/18/2008; 08/17/2008

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Description

"Did Appraisers Juice the Market?" showed how appraisers overstated home values. Using disciplinary records and interviews, Shanklin and McClure found appraisers who exaggerated condo sizes, appraised homes without seeing them and stated that condos were worth the $240,000 sales price even though the price was padded with $40,000 of incentives. The "Subprime Mess" package was based on more than 2 million records and showed how unconventional loans moved from low-income, inner city neighborhoods to the burgeoning suburbs. "How Investors Helped Overheat the Market" explored the role of investors in Central Florida's real estate meltdown by analyzing hundreds of data records and found that sales of non owner-occupied homes grew from 25 percent of all local residential sales in 2002 to 70 percent in 2006.

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