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There Go My Brackets
Check out the other very interesting articles such as AMC fair housing Myths and Evaluations. Link to the original newsletter.
My comment: I have never “bracketed” anything except the value when I used to do appraisals for Fannie Mae loans. I have no idea why lenders are requiring bracketing for everything with an adjustment. Just another Stupid Scope Creep I guess. Works ok in conforming tracts with lots of sales and minimal adjustments, but goes downhill quickly after that. Of course, the entire appraisal review-by-computer assumes that all houses are in conforming tracts. As do the Fannie forms, of course.