The ROAD to Housing Act of 2025

[Dale Floyd]

Scott, Warren Announce Markup of Landmark Bipartisan Housing Legislation from Banking Committee Members | United States Committee on Banking, Housing, and Urban Affairs

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

www.banking.senate.gov

Not really sure about that section involving appraisers under the "Improve Housing Affordability and Access" part. Are we still considered in a shortage?

 

[J Grant]

Scott, Warren Announce Markup of Landmark Bipartisan Housing Legislation from Banking Committee Members | United States Committee on Banking, Housing, and Urban Affairs

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

www.banking.senate.gov

Not really sure about that section involving appraisers under the "Improve Housing Affordability and Access" part. Are we still considered in a shortage?

Addressing inaccurate appraisals and reducing appraisal shortages sounds scary. Code language for switch to AVMs or alternative products.

Anyone who thought ushering Trump in would benefit appraisers had their heads in the sand. He is more of a WAIVER type guy, let the lender estimate the target value needed, no more speed bumps of a "low " appraisal.

Every committee decision and vote of Congress or policy change follows Trump's lead. Better remind him of the large number of MAGA supporters among appraisers. In caste, it matters to him. or

 

[Trihard]

Scott, Warren Announce Markup of Landmark Bipartisan Housing Legislation from Banking Committee Members | United States Committee on Banking, Housing, and Urban Affairs

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

www.banking.senate.gov

Not really sure about that section involving appraisers under the "Improve Housing Affordability and Access" part. Are we still considered in a shortage?

Of course there isn’t a shortage in residential appraising. The real issue has always been the AMCs acting like leeches—draining money from the very professionals who do all the work. An appraiser might charge $400 for a report, yet the lender pays the AMC $750. The AMC then pockets $350 for simply being the middleman, passing only $400 to the appraiser who handles the research, inspection, analysis, and reporting.

This parasitic setup creates the illusion that appraisers are overcharging, when in fact they’re being underpaid for a job that carries significant responsibility and liability. The true bottleneck in the industry isn’t a lack of qualified appraisers—it’s a predatory compensation model that exploits them. Until that changes—until transparency and fair pay are restored—residential appraisal will struggle to attract and retain talent.

This bill is co-sponsored by Elizabeth Warren, so you know it will be a steaming pile of **** and will blame the appraisers for everything.

 

[J Grant]

What do inaccurate appraisals mean?
I agree, appraisers are underpaid or marginally paid, even the full fee in residential now barely compensates since cost of living keeps rising and the time added to do an appraisal keeps increasing due to increased demands and scrutiny.

Seems like there is an oversupply of appraisers in many areas unless there are periods of high demand in the market, which never last. Any shortage of new trainees or whatever they claim is due to the AMC fee predation which leaves it a field that has bleak eranign potential on the res side, since the supply of direct order lenders and clients is not enough relative to the res licensed appraisers who rely on mortgage orders, since mortgage work comprises the bulk of the work.