Appraisals are based on past sales. Appraisals will remain high as long as the developer is selling new homes at higher prices than the surrounding area which also keeps the resale prices higher. The reality check will come when/if buildout occurs. Will the demand for resale homes in TV be sufficient to maintain those prices? Without the developers advertising funding and PR department, prices could drop. Other developers could open new communities next to TV. Only time will tell.
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