Real Estate Appraisers In High Demand - Irby Home Buyers

Real Estate Appraisers In High Demand

It seems the number of real estate appraisers has drastically declined over recent years. Even worse, the number of appraisers is expected to drop even lower over the next 5 years!

There are close to 80,000 real estate appraisers in the country, but that number is actually smaller than it looks at first glance. That’s because there were more appraisers than the 80,000 figure back in 2007. The number of appraisers is dropping by about 3% every year according to recent statistics.

Experts are suggesting shorter exam periods for appraisers who are working to receive their license.

As of now, there are no plans to shorten those exams so it looks like this decline might last a while. Of course, there are other factors at play, as well.

 

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