Opinions of Value

Your source for appraisal news and trends

Appraisers Anticipate Sustained Growth: AI Survey

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According to the Appraisal Institute’s 2013 Real Estate Appraisal Outlook,appraisers expect continued growth in mortgage lending appraisals as the real estate market recovery progresses.

arrow_graph_upBecause this represents the primary type of valuation service for a vast majority of realestate appraisers, it should provide some encouragement – particularly to those new to the profession or looking for jobs. Commercial and residential appraisers were in agreement that mortgage lending appraisals present the largest opportunity for growth.

Following that, in order of potential, commercial appraisers see the top areas of growth over the next one to two years as land valuation, litigation valuation/forensic appraisal, real estate consulting (fee-based) and right-of-way/easements. Residential appraisers predict that review appraisal services, real estate owned/foreclosures/short sales, litigation valuation/forensic appraisal and land valuation will provide the most opportunity. [Read more…]

Appraiser Trainee Hiring to Remain Weak: AI Survey

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Hiring of real estate appraiser trainees will remain weak for the next one to two years, according to an Appraisal Institute survey released July 17.

About one-fifth (21 percent) of commercial appraisers said they would add full-time trainees; fewer than one-tenth (9 percent) of residential appraisers said they would do so, according to the survey of U.S. real estate valuation professionals conducted in May and June. Commercial appraisers account for less than one-third of practicing U.S. appraisers.

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Appraisers Optimistic About Future: AI Survey

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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.Survey Excellent

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.

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