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?
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