City Weekly · Opinion
What Utah homebuyers need to know about appraisals, pre-appr...
Urban Living
Last week, I explained why banks require appraisals when someone gets a home loan. This practice didn’t start until 1980. One of the reasons for this was because in 1974, the Equal Credit Opportunity Act allowed women to get credit cards and apply for mortgages and car loans without a male co-signer.
This increased the demand for housing, because for the first time in U.S. history, women could buy or lease property on their own, and many were hungry to do so.
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