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Appraisers Expect Continued Growth: Appraisal Institute Survey

CHICAGO (Oct. 22, 2013) – Appraisers anticipate continued growth in mortgage lending appraisals and in specialized areas of consulting, according to a recent survey conducted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers. Commercial appraisers said the top five areas of growth in the next one to two years (in order of potential) are mortgage lending appraisals, land valuation, litigation valuation/forensic appraisal, real estate consulting (fee-based) and right-of-way/easements. Residential appraisers said the top five areas of growth

Appraiser Trainee Hiring to Remain Weak: Appraisal Institute Survey

CHICAGO (Aug. 14, 2013) –  Hiring of appraiser trainees will remain weak for the next one to two years, according to a recent survey conducted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers. 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-June. Commercial appraisers account for less than one-third of practicing U.S. appraisers.

Real Estate Appraisers Optimistic About Future: Appraisal Institute Survey

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 today. 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 by the nation’s largest professional association of real estate appraisers. “Appraisers have faced a challenging real estate market in recent years, and it’s great to see that so many valuation professionals are

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