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Who else is dead slow lately?

Ay Yai Yai...has NOTHING to do with Trump. It has to do with interest rates. Try tracking them. Rates have creeped back up, so all the "rate watchers" have backed off on refis & purchases. Also note that waivers will be increasing next month. Expect even more less work unless you have a niche market. Stay away from the Kool-Aid.
 
Busy in first weeks. Weather is big issue here. Bitter cold and snow - we are slated for below zero temps (not wind chill) in next 2 days. Pretty much was the same last year.
 
My business has been down for over a year. Used to do quite a number of new builds, but that business disappeared when rates went up. They are still building but the majority of financing is going through the builder's mortgage companies because they are offering buy downs and other incentives. Plus there are about 400 active appraisers in my immediate area
 
swandel1 said:
Ay Yai Yai...has NOTHING to do with Trump. It has to do with interest rates. Try tracking them. Rates have creeped back up, so all the "rate watchers" have backed off on refis & purchases. Also note that waivers will be increasing next month. Expect even more less work unless you have a niche market. Stay away from the Kool-Aid.
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It is a combination of rates with added pressure now. Interest rates were this high under Biden, but over the past months, I was getting 2-3 a week most weeks with an occasional week of getting one.

I think Trump is causing jitters wrt instability wtih pending tariffs and a rise in unemployment from mass govt firings with inflation continuing -one a week now with a week with no orders . Like everyone else, I am hoping for a turnaround. Or the former limping along with 2 a week is looking good now. The increase used of waivers will reduce work a bit too - bad news from all fronts for the res appraisal -realm I do some high-value work that has been immune from Waivers - until they vacuum that up too.
 
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J Grant said:
Since DT took office, my business went down by half, and now is down by 2/3. Anyone else super slow lately?
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He's been in office since January 20th that's three weeks...but I think if you read the real estate journals about Florida State it's getting hit by multiple Black Swans..Insurance and rising Hoa Dues..buyers afraid they may move there and get flooded or a hurricane...senior's dying faster than ones coming in. But many are scared that Florida is maybe in a bubble may be the biggest problem.

But in your case your a one person shop so if only one client gets slow or decided to use another appraiser your out of business. That's the advantage the AMC appraser has in they order for numerous lenders versus working for one or two direct lenders.

You may want to contact your two direct lenders and see if their still in business because many out sourced to AMC after December 31. I know my independent bank now uses a AMC and one appraser on this forum lost their business .
 
J Grant said:
It is a combination of rates with added pressure now. Interest rates were this high under Biden, but over the past months, I was getting 2-3 a week most weeks with an occasional week of getting one.

I think Trump is causing jitters wrt instability wtih pending tariffs and a rise in unemployment from mass govt firings with inflation continuing -one a week now with a week with no orders . Like everyone else, I am hoping for a turnaround. Or the former limping along with 2 a week - waivers will reduce work a bit too - bad news from all fronts for the appraisal - though I do some high-value work that has been immune from Waivers - until they vacuum that up too.
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Maybe your clients started reading your AF posts.
 
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