The appraisal profession has definitely had its ups and downs. Most recently, the number of appraisers nationwide has declined from 121,000 in 2007 to 96,600 in 2017 nationwide. The age demographics are even harsher. Look around at any appraisal function and try to spot the Millennials.
Technology rules the appraisal roost. Everyone is trying to get the appraisal process streamline. Even appraisers are putting away their IBM selectrics and desktops in search of more efficiency and better solutions.
Commercial real estate continues to benefit from moderate economic fundamentals and well -priced risk. Nevertheless, the favorable conditions and outlook are unevenly spread over related capital and property markets.
MBREA is a class act! And also very busy. The organization combines appraisal education with service to the appraisal profession. Far beyond the classroom, MBREA represents appraisers on Beacon Hill and Capitol Hill.