General World News

What to do about the appraiser shortage

What a two-year stretch it has been for appraisers.

The appraisal workforce was already in decline in 2019. When the COVID-19 pandemic hit in 2020, the industry’s workforce shrank even further. To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes.

These factors combined to throw the appraisal industry in flux. It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially?

In a panel entitled “The Brave New World of Valuations” at HousingWire’s Spring Summit on March 4, Tony Reese and William Fall – chief appraiser at details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com