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

How Bad Could The Appraiser Shortage Get, And What Are The Solutions?

If you slept through all of 2016, then you might have missed the news that there weren’t enough appraisers last year for the properties that needed appraising. Between falling interest rates (and subsequent refinancing by homeowners) and a mostly-recovered housing market, appraisers were in hot demand and appraisals could take weeks to line up — in some parts of the country, appraisers were even able to charge a premium for timely work.