The US Real Estate Appraisal Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition)

The US Real Estate Appraisal Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition)

  • September 2020 •
  • 84 pages •
  • Report ID: 5975951 •
  • Format: PDF
Scope of the Report
The report entitled "The US Real Estate Appraisal Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition) ” provides an in-depth analysis of the US appraisal market by value, by number of licenses held, number of active appraisers, by primary occupation etc.

The competition in the US Real Estate Appraisal Market is very fragmented, with several local and regional players procuring major share of the market. Further, key players of US real estate appraisal market, CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company and JP Morgan Chase & Co. are also profiled with their financial information and respective business strategies.

Company Coverage
CoreLogic Inc.
Real Matters Inc.
Wells Fargo & Company
JP Morgan Chase & Co.

Executive Summary
Financial crises have played a critical role in shaping the relevant regulations to the appraisal process. The appraisal of a property could be done either in-house or through third-party known as Appraisal Management Company (AMC).

An AMC serves as a co-ordinator between the bank and a panel of independent third-party appraisers, who do the actual appraisal work. The AMCs are either traditional AMC in which the appraiser visits the property site to assess the value of the property or Digitalized version of AMC known as Automated Valuation Model (AVM).

An AVM can come up with a property value much more quickly, and at much lower cost, than a human appraiser, by applying a valuation model of some sort against various sets of data. The AVMs has their own set of features and shortcomings that may evolve with time. The AVMs are at a niche stage of penetration in the US currently.

Economic uncertainty is at an unprecedented level as a result of COVID-19. The pandemic has dampened both nonresidential and residential construction markets. Consequently, demand for industry services is witnessing decline in 2020. The market is expected to showcase recovery from 2021 owing to full scale resumption of economies which would reinvigorate aforementioned construction markets.
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