How bad could the appraiser shortage get, and what are the solutions?

Rising mortgage interest rates might cause short-term relief, but this problem is not going away anytime soon
  • The National Association of Realtors found in its Appraisal Trends Study that retiring appraisers and a dearth of new industry entrants could cause the appraiser shortage to get even worse.
  • It said in a blog post that a combination of automation and training solutions are needed to combat the shortage.

If you slept through all of 2016, then you might have missed the news that there weren’t enough appraisers last year for all the properties that needed appraising.