Job news is good or is it?

[Eli]

If the appraisal profession has lost 40,000 plus practicing appraisers during a poor job market, how much more will it lose in a good job market. If you don't believe the job market is good, search for job openings on some of the major internet job sites. There is a major difference in the number of job openings now vs the last few years when the appraisal profession has lost so many professionals migrating to other jobs. That tells me the decline in the number of practicing appraisers should accelerate this year, especially considering the recent education requirements and other market factors like the oligopsony market structure that is driving appraisers out. That education deadline of Jan 1, 2015 will prove to be a factor in history relative to the boost or slow down in migration away from the profession in 2013-2014. The price of cheap labor went up as a result of the education requirement effective 01/01/2015. Jobs are everywhere it seems. Look it up if you don't believe it, especially for college grads. Monster or Indeed job sites are two sites that come to mind, but some of you may have some better sites.

 

[Randolph Kinney]

Fees x Volume = supply / demand for appraisers

If the fees were high enough along with the volume, more supply would be coming on the market even with increased bar to entry.

 

[Eli]

Fees x Volume = supply / demand for appraisers

If the fees were high enough along with the volume, more supply would be coming on the market even with increased bar to entry.

Yeah, depending on location because it varies. I think that is one of the reasons the feds are pushing some responsibilities to the states, because the market varies so much by location, even smaller geographically than states. No doubt there is a shortage in some areas now, yet an oversupply in others now. But the oligopsony market power exists in every market now, unless an appraiser avoids AMC's. If 40,000 plus appraisers quit in a bad job market with no college degree required, then......what about in a good job market with a college degree requirement?

 

[ucbruin]

As RK posted, if fees are high enough and volume could be counted on to be steady or guaranteed not to decline, then I believe more people would consider entering into the appraisal field.

Excluding income, I enjoy the freedom to set my own work schedule. Who doesn't enjoy the non-income portion of the field?

 

[Eli]

As RK posted, if fees are high enough and volume could be counted on to be steady or guaranteed not to decline, then I believe more people would consider entering into the appraisal field.

Excluding income, I enjoy the freedom to set my own work schedule. Who doesn't enjoy the non-income portion of the field?

Yeah, maybe sales of some kind might compare in freedom. I don't know. There are probably many other jobs now where one can be an employee and work from home, with a college degree, and make more money depending on where one is located. At least more so now than over the past several years when we have lost 40,000.

 

[Randolph Kinney]

Actually, the AMCs and lenders are limiting appraisers from entry into the business along with increasing regulations on appraisers, AMCs and lenders.

The government governs the supply of mortgages that can be originated. They do that with requirements for borrowers to get a loan. They do that with requirements for the government to buy or guarantee loans.

Housing is dead. Long live housing. Income levels are still falling except for the 1%.

 

[Eli]

Yep, a flat tax I have always wondered about.

 

[Eli]

The job market is getting hot. Income is a problem, but this is the best job market right now than since at least 2006.

 

[Eli]

Companies are filling jobs that have remained vacant for years.

 

[Eli]

However, the job market may be better than 2006, but the average appraisers income don't even compare to 2006 due to the change in market structure to more of an oligopsony.