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Get ready for the housing recovery (for real this time)
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There are different ways to skin a cat when it comes to earning a living as an appraiser other than standard residential mortgage lending assignments.
A number of appraisers look to market themselves for use in litigation, divorce, tax and estate work. Some have turned their attention to the commercial market.
But the fact is that as the residential market goes, so goes the workload for the majority of appraisers.
It doesn’t take long in talking with appraisal professionals to realize that these aren’t exactly the “salad days” of the profession. All it takes is asking, “How’s business?” a few times to find that out.
The recession era — and the slow economic years that continue to this day because of it — is starting to feel like the Hundred Years’ War for most people working in settlement services.
To paraphrase the Talking Heads, how did we get here?
Why is the housing market still slow? And more importantly, when will it pick up?
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