News

New Numbers are Painting a Different Picture for the Appraisal Industry

This article, Appraisal Profession Sees Major Uptick in Millennial Interest, first appeared in HousingWire, For the past several years, the appraisal profession has battled the fact that a significant percentage of its workforce is aging. And as a greater number of appraisers approach retirement age, fewer newcomers are jumping in, meaning that their ranks are dwindling, and fast. A survey conducted …

Read More »

Lending a Helping Hand

The appraisal field is ever changing, challenging to enter the profession, and difficult to succeed in. As appraisers we are often micromanaged, critiqued, and criticized. It is sad to say, but some appraisers are more critical of their peers than the public or our clients will ever be. As an integrated community we need to focus on improving the industry …

Read More »

How the Government Shutdown Is Affecting Lending

On December 22, 2018 the U.S. entered the second federal government shutdown of 2018. The public did not know at the time that this shutdown would last for over 30 days (and counting), declaring it the longest government shut down in U.S. history. Over 800,000 federal employees have either been furloughed working without pay or forced to take a leave …

Read More »

Appraisers – 2018 in the Rearview, 2019 Ahead

In 2018 appraisers charged into the new year with the same level of enthusiasm that had been prevalent over the previous several years due to the high volume of appraisal orders caused from the combination of low rates and increased equity.  A significant amount of mortgage origination volume combined with the recovering property values from the meltdown a decade earlier …

Read More »

A Look Into the 2019 Housing Market

Most everyone is painfully aware of the slowing of the housing market during the second half of 2018. Declining housing affordability took its toll on consumer motivation to buy a home. Higher construction costs and increased home prices over the last several years, combined with higher interest rates and lackluster income gains, were the primary causes for these declines. According …

Read More »

Make Your Connections Count

Valuation professionals are always looking for ways to work smarter, not harder. Thanks to technology advancements they are able to easily achieve that goal. With programs like Clearbox, lenders and AMCs are able to access the history of a new appraiser joining their panel.  Joan Trice, CEO of Clearbox has recently put on a new hat to better the future …

Read More »

A Look into the Crystal Ball

We all wish we could predict the future. Imagine the scenarios we could prepare for or the events we can avoid. However, one of the many super powers valuation professionals, like mortgage lenders, have is their ability to analyze the market. Through research, trends, and market predications they are able to give us an educated look at the future through …

Read More »