Number of Appraisers Decreased 5% from 2017 to 2018

As of Dec. 31, 2018, the number of active real estate appraisers in the U.S. stood at 78,015, a decrease of 5% versus 2017.

The average rate of decrease for the past five years has been approximately 2.6% annually. Broader analysis suggests that declines may continue due to retirements, fewer new people entering the appraisal profession, economic factors, government regulation, and greater use of data analysis technologies.

 

You might also be interested in...

What’s the best part of being an appraiser? Three appraisers share their perspectives.
What’s your favorite part of being an appraiser? Three appraisers share their perspectives in the Appraisal Institute’s latest video. Can you spot the common thread among all three answers?
Read More