Anecdotes have increased in recent quarters that there is a growing shortage of appraisers. 55.6 percent of lenders who took part in the most recent Survey of Mortgage Originators indicated some level of issues getting appraisals. However, 11.1 percent indicated that the issue was significant.
NAR will work with appraiser-members to continue to monitor constraints in the appraisal industry
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.