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As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. State will be required to “successfully complete an approved course of study in Fair Housing and Fair Lending, every two years, or its equivalent, as required in subdivisions (b) or (c) of this section, in order to renew their licenses or certifications. On the other hand, in Advisory Opinion 16, The Appraisal Foundation encourages lengthy and detailed explanations. He also shared his opinion of the need for the rewrite of Advisory Opinion 16:
The Impending Doom of the Appraisal Industry We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom. Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.
The Baby Boomers weren’t too far behind at 33 percent, with Generation X much further behind at 23 percent, and the Silent Generation at 6 percent. A high school diploma or associates degree didn’t stop 28 percent of Younger Millennials and 20 percent of Older Millennials from buying a house though. Forty-six percent of Younger Millennials reported student loan debt with a median loan balance of $26,000 compared to 38 percent of Older Millennials with a median of $34,000. While housing starts fell slightly year over year (2.3 percent), housing completions rose 2.4 percent year over year.
So the writing is on the wall-you know that you have to start using some of these newfangled gadgets and software programs if you’re going to stay relevant. The time had come to utilize the available time-saving technology and to combine it with my appraisal data management software. custom homes, if they’re manufactured homes, if it’s a log home, if it’s really tough or really easy. It was nerve-wracking because I was so worried that when I got back that it wasn’t going to upload to my appraisal software!