Appraiser Shortage Myth

[Fernando]

Again, are these immigrants contributing to our society or a burden on it? Most of these coming in during the Biden years are displacing the very least educated of our citizen population thus are a burden upon the rest of us. Who will pick the crops is the least viable of all the arguments. Who picked the crops before Covid? The farmers of California, as an example, have a lot of worse problems. Lack of irrigation water, over-regulation, and now a shortage of legal trucks to haul produce due to CA regulations as well as overly expensive energy costs.

CA vineyards lack enough workers and letting the grapes rot. We benefit from immigrants.
Immigrants may be a burden initially but as they assimilate, many especially the 2nd generation become productive citizens contributing to the growth of our nation.

 

[Sadie]

I never really understood the parea concept. I have been told I was wrong by someone who would know about a future shortage of appraisers.

At some point the baby boomers will retire or just give up. and even drop dead. There can't be a shortage because each appraiser in my state can have three trainee's I have not checked my state may have changed that. In NC unlike RE Brokers their is no inactive status for appraisers. You either renew OR your licenses expires. Once it expires you have to start all over as a trainee if you want to come back in. I am convinced the NC State does this on purpose to keep the supply high enough to meet client future needs.

I think the # of trainees was capped in USPAP a few years back.

 

[Sadie]

On another forum, from Dana Murray

View attachment 107103

It's actually kind of depressing.

 

[George Hatch]

CA vineyards lack enough workers and letting the grapes rot. We benefit from immigrants.
Immigrants may be a burden initially but as they assimilate, many especially the 2nd generation become productive citizens contributing to the growth of our nation.

Or, worker visas for the workers only; they can come and go back home whenever they want but they're not raising families here. Come here to work for 6 months out of the year and then go back home to be with their families.

 

[DWiley]

I think the # of trainees was capped in USPAP a few years back.

The number of trainees allowed per appraiser is governed by the criteria (AQB), not by USPAP (ASB).

 

[Sadie]

The number of trainees allowed per appraiser is governed by the criteria (AQB), not by USPAP (ASB).

I knew it was something and couldn't remember who required it. Thanks

 

[Sadie]

The number of trainees allowed per appraiser is governed by the criteria (AQB), not by USPAP (ASB).

I knew it was something and couldn't remember who required it. Thanks

 

[J Grant]

Can the MAGA crowd spare us their boring political make it about immigration crap ?

Put it on the water cooler. The topic is the appraiser shortage myth!

If there are fewer people entering the appraisal profession on the res license side, it is in response to the lousy fees of a field, unfortunately, dominated by AMCs and the shrinking demand for appraisal thanks to the GSE policies of allowing waivers and PDR collections.

One problem appraisal always had as a profession, particularly on the res lending side, is that the supply of appraisers is finite at any given time, while demand for appraisals can contract or grow due to interest rates and economic factors. When the market is hot, with high sales and refi volume, there aren't enough appraisers; when things slow down and volume drops, there are too many appraisers.

 

[cashcatz]

I would be surprised. Yes, some people will benefit enormously. But for a lot of people who lose jobs, have to retrain for something less profitable, the reality is like globalization. The rich will get richer and the poor will get poorer.

Everyone got richer when farming and clothing mechanization occurred. 97% of all people used to toil doing that now it's the inverse and only 3% of Americans are farmers.

 

[gregb]

Can the MAGA crowd spare us their boring political make it about immigration crap ?

Put it on the water cooler. The topic is the appraiser shortage myth!

If there are fewer people entering the appraisal profession on the res license side, it is in response to the lousy fees of a field, unfortunately, dominated by AMCs and the shrinking demand for appraisal thanks to the GSE policies of allowing waivers and PDR collections.

One problem appraisal always had as a profession, particularly on the res lending side, is that the supply of appraisers is finite at any given time, while demand for appraisals can contract or grow due to interest rates and economic factors. When the market is hot, with high sales and refi volume, there aren't enough appraisers; when things slow down and volume drops, there are too many appraisers.

There always have been enough appraisers. Sometimes it takes more than 24 hours to complete a quality appraisal.