In November, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve released a proposal that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal. https://www.housingwire.com/articles/49924-appraisals-may-soon-not-be-required-on-certain-home-sales-of-400000-and-under