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Adaptation, best practices key to appraising in new era — Part One
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The end of one era always signals the beginning of another.
The high times of the housing boom gave way to the struggle-to-survive ethos of the recession.
And although the market has been showing signs of regaining its footing for quite a while, analysts have been slow to declare a full recovery.
Today’s analytics are clear. Although the market doesn’t look like it will return to pre-crash levels anytime soon, we are in a period of relative normalcy again.
As we move forward in 2014, home prices are increasing, foreclosures are down and more people are coming out of the shadows to rejoin the market. All of which will begin to translate, if it hasn’t already, into renewed opportunities for appraisers who can adapt to industry changes.
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