Real Estate Appraisers

Real Estate Appraisers

Overview

The 13,000 real estate appraisers in the US estimate the fair market value of land and buildings, typically before properties are sold, mortgaged, taxed, insured, or developed. Large firms may offer related services, such as information or closing services. Independent appraisers may serve as expert witnesses.

Vulnerability to Trends in Housing Market

A key driver of financial performance in the real estate appraisal industry is the US housing market, which is sensitive to changes in economic conditions.

Competition from Alternative Valuation Models

Alternative valuation models (AVM), which are computerized models used by mortgage originators and secondary market issuers to determine property value, pose a significant threat to real estate appraisers.