Housing competition edged up slightly in September, with bidding wars heating up across the nation. Rumors are circulating about a possible end to GSE appraisal waivers. The new USPAP publication for 2020-21 is now available, and it has some cool new features. Plus, have…
We know there’s tons of content out there pertaining to real estate, lending, and appraisal. As a busy appraisal professional, you may not have time to sift through it all. To help you out, we’ve curated some monthly highlights of appraisal content from around…
What skills are correlated with financial success in the real estate appraisal industry? In a recent survey, we asked appraisers to self-evaluate their expertise across categories as expert, growing, novice or failing. Then we took a look at their earnings across those categories. We…
According to the 2019 Appraisal Income Guide, high earners in the industry excel at finding new clients. Appraisers who are pros at obtaining new clients and soliciting business earn over $51,000 more per year than appraisers who fail in this area. So, what are…
The U.S. housing market value rose to a whopping total of $33.3 trillion in 2018. Software company CoreLogic will sharpen its focus on appraisals beginning this year. A recent survey shows that Gen-Xers and older Millennials would rather invest in stocks vs. real estate.…
Change is a part of life, and that is certainly evident in the appraisal industry. The average appraiser is between the ages of 55 and 60 years old, and no doubt, they’ve seen technology reshape the industry since their early days in the field.…
Quality training is crucial when it comes to bringing up the next generation of appraisers. The S.T.A.R.T. program (Standards to Assure Responsible Training) is an appraisal training technique developed initially in 2011. It aims to 1) ensure integrity and credibility, and 2) provide a…
Apparently, a misunderstanding has led to shrinkage of the appraisal business—and a clarification might allow it to flourish again. For the past several years, a common complaint has been that the appraisal industry is aging, and that the influx of new appraisers (such as…
The US housing market may be in trouble. One author argues FHA mortgage insurance premium pricing is not likely to drop, despite what others have predicted. Marcus by Goldman Sachs® and HouseCanary roll out a home addition calculator for homeowners considering renovations. Freddie Mac…
How is the growing popularity of coworking space—office space shared, usually temporarily, by different individuals and organizations—going to affect the commercial appraisal industry? The question is much asked, but answers are hard to find—mainly because they’re still being formulated. At present, it appears that…
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