We know there’s tons of content out there pertaining to real estate, lending, and appraisal. As a busy appraisal professional, you may not have time to sift through it all. To help you out, we’ve curated some monthly highlights of appraisal content from around the web—including a newly-released research report, a new appraisal podcast, upcoming industry events, and more. So sit back, relax, and catch up on the latest appraisal news and insights below.
Read: NAR’s 2022 Appraisal Survey
In May 2022, National Association of REALTORS® Research Group conducted a survey of both appraiser and non-appraiser members. NAR’s research report was published at the end of September and is now available via their website. “The objective of this report is to determine the level of impact of appraisals on the current market and member business in terms of cost, turn-around times, and other challenges and to measure member experiences with bias and discrimination in the appraisal process.”
HousingWire’s summary of the survey results points out, “Despite headlines, only 3% of respondents have witnessed or experienced appraisal bias.” Other highlights from the report include the top two greatest challenges faced by appraisers in the last year, which were 1) appraisal management companies and 2) expanding regulations. For non-appraiser members, the biggest challenge was lack of inventory.
Read the full 2022 Appraisal Survey research report here.
Listen: McKissock’s New Appraisal Podcast
We’re excited to announce the launch of our new podcast series! Beyond the Numbers with McKissock Appraisal is your new definitive source for all things real estate appraisal. This monthly podcast series features conversations with some of the industry’s leading experts. Whether you’re looking for the latest professional news updates, aiming to take your appraisal career to the next level, or just starting out in real estate appraisal, this podcast is just what you need.
In Episode 1, “September 2022 Real Estate Appraisal Outlook,” we interview Kevin Hecht, a Certified Real Estate Appraiser in Missouri. In addition to real estate appraisal, Kevin has a passion for economics and is a faculty member at several colleges and universities. He’s also a member of the American Economic Association and The American Real Estate and Urban Economics Association.
Listen to full episodes on YouTube here.
Subscribe now to Beyond the Numbers with McKissock Appraisal on YouTube, Apple Podcasts, Spotify, or wherever you listen to podcasts.
Watch: Third Exposure Draft of proposed changes to USPAP
In case you missed it, you can catch up on the latest draft of potential USPAP changes by watching The Appraisal Foundation’s webinar on the Third Exposure Draft of proposed changes to USPAP on YouTube. In this webinar, the Chair and Vice Chair of the Appraisal Standards Board (ASB) present a summary of all proposed changes.
Watch the full 1-hour webinar above or on YouTube here.
Join: Upcoming appraisal industry events
The ASB’s public comment period on the Third Exposure Draft of proposed changes to USPAP (summarized in the webinar above) has closed as of September 24th. However, the ASB hopes you will join their next Virtual Public Meeting on October 20, 2022 at 1:00pm ET. Sign up here.
Another upcoming event to consider joining virtually or in-person is the Of Value: 2022 National Conference on November 9-10 in New York City, hosted by Appraisers Association of America. Sign up here.
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