More than three-fourths of U.S. real estate appraisers are very or somewhat positive about the demand for their services over the next one to two years, according to an Appraisal Institute survey released July 17.
Eighty percent of residential appraisers and 78 percent of commercial appraisers said they are upbeat about their future, according to the survey conducted in May-June.
According to the survey, 95 percent of residential appraisers and 49 percent of commercial appraisers said there is currently more demand for their services than a year ago.
Additional survey results include:
- Eighty-four percent of residential appraisers said their local residential real estate market is strong, and 46 percent of commercial appraisers had the same opinion about their local commercial markets.
- Eighty-six percent of residential appraisers and 55 percent of commercial appraisers said demand for their services is strong.
- Thirty-two percent of residential appraisers and 45 percent of commercial appraisers anticipate more demand for their services during the next one to two years.
The online survey polled 591 real estate valuation professionals May 31-June 17. The survey had a margin of error of +/- 4 percent.
View the highlights of the survey results.
How are you feeling about the demand for your services? Please share your thoughts in the comments below.