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Number of Active US Appraisers Falls Below 100k

August 12th, 2014 by Bill Collins Leave a reply »

Number of Certified and Licensed Appraisers Nationally Now at 99,558

The aging appraiser demographic along with fewer people entering the field has resulted in the long anticipated decline in the number of appraisers nationally to below 100,000.  Here are the totals by license category along with a link providing breakdowns by state:

Certified General Appraisers: 38,424 (38.6%)

Certified Residential Appraisers: 51,267 (51.5%)

Licensed Appraisers: 9,867 (9.9%)

Active Appraiser Credentials Summary Report

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Recent Real Estate Reports

FHA Commissioner Carol Galante announced yesterday that she would be leaving her position toward the end of this year.  Ms. Galante was generally commended for her work for HUD during the difficult time period recovering from the financial crash and her leadership of FHA since 2012 .  A link to a Wall Street Journal report on the FHA and Ms. Galante’s work is found here: Top Obana Housing Official Carol Galante to Step Down

Last Thursday, the Mortgage Bankers Association (MBA) released their National Delinquency Survey for the 2nd Quarter.  The MBA reported that mortgage loan delinquency and foreclosure rates declined to their lowest level since 2008 and new foreclosure starts fell to their lowest level since 2007.  Two days earlier, the MBA released their Mortgage Credit Availability Index for July which showed a slight increase in credit availability.

One week ago, the Federal Housing Finance Agency (FHFA) released their “Foreclosure Prevention Report” for May.  Some of its highlights:

~26,400 “foreclosure prevention actions” were finalized in May, bringing the total to more than 3.2 million since the formation of the conservatorship in 2008.  The FHA noted that more than half of these actions involved permanent loan modifications.

~Permanent loan modifications totaled 16,000 in May, down 10% from the previous month.  Approximately ¼ of these included the forbearance of principal.

~4,800 short sales and deeds-in-lieu of foreclosure took place in May, down 4% from April.

~May’s “serious delinquency rate” was 2.09%, down from 2.14% one month prior.

~While third party and foreclosure sales fell by 3% in May, foreclosure starts were up by 18%.

A link to the entire FHFA report is found here: Foreclosure Prevention Report – May 2014

CoreLogic released their Home Price Index (HPI) for June last week which showed an increase of 7.5% from June of 2013 and a 1.0% increase from May of this year.  Both figures included distressed sales.  Excluding distressed sales, prices increased by 6.9% year to year and 0.9% from the previous month.

The three states with the greatest price appreciation (including distressed sales) were Michigan (11.5%), California (11.3%) and Nevada (11.1%).  When distressed sales were excluded, the three states with the highest appreciation were Massachusetts (11.2%), New York (9.8%) and Hawaii (9.2%).

CoreLogic reported that the change in the national HPI from the market peak in April 2006 to April 2014 was -12.9%, inclusive of distressed sales, and -9.0% excluding distressed sales.

Clear Capital also released their Home Data Index Market Report last week.  A highlight of this report, which included data through July, was the sharp reduction in distressed sales as a percentage of all sales. Clear Capital found that distressed sales made up just 18% of all sales, down from 40.8% at the peak in March 2011.

A link to this report is found here: Clear Capital: Will Phoenix Rise Again? Not In The Foreseeable Future

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AppraiserNews is a FREE publication, supported by advertising and sales of products designed to help appraisers support and grow their businesses. Please consider supporting us today by seeing what we and our sponsors have to offer.

Superior E&O insurance from the Landy Insurance Agency- click here to apply and receive your policy in about two hours!

One More Time Again (Seriously): Some Random Tweets to Make You Smile

1 ) I hate housework.  You make the beds, you do the dishes and six months later you have to start all over again.

2 ) The short fortune teller who escaped from prison was a short medium at large.

3 ) If an appraiser hasn’t achieved it yet, what does he/she have to lose?

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Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of AMCs and National Appraisal Companies, listing complete, contact information and other details for each listing.

If you’re looking to maintain or expand your mortgage appraisal practice, our Directory of Appraisal Management and National Appraisal Companies is a great place to start. Order it today for $69.99 and download it immediately!

Please visit our website now to make your purchase securely or contact us at (877) 434-2825 for more information on this comprehensive directory!

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Happy Anniversary Angie!

Angie celebrates her 5th anniversary this month with!  During this time, more than 125 appraisers and others have won her contest with winners coming from most of the 50 states and the District of Columbia.  She promises some new surprises in the future and invites newcomers to join the fun.  For those not familiar with “Angie’s Contest”, please scroll down the page and check it out!

Her rules are simple: first correct answer wins, all you need to do is hit “reply” and inform her whether a, b, c, d or e is the correct answer for each question.  While googling the answers is not encouraged, Angie understands how overworked many appraisers are and promises not to have the NSA (or federal regulators) check on you!  Angie notes that you can win the contest only once in any 12 month period.

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Appraiser Help has Released its 2014 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported mostly increasing mortgage interest rates in their most recent surveys. 

On August 7th, Freddie Mac reported that 30-year fixed-rate mortgages increased from 4.12% to 4.14% in their most recent survey. They also noted that last year at this time the 30-year rate was at 4.40%.

One week earlier, Freddie Mac released their “2014 Mid-Year Apartment Outlook”.  Freddie Mac reported that the multi-family market was strong with vacancy rates at a 13 year low.

The Mortgage Bankers Association (MBA) reported on August 6th (for the week ending August 1st) that 30-year rates with conforming loan balances ($417,500 or less) rose from 4.33% to 4.35%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) increased from 4.22% to 4.26%.  Rates for FHA backed mortgages also rose, from 4.03% to 4.06%. 

Mortgage applications increased by 1.6% from the previous week with the share of refinance applications as a percentage of all applications rising to 55% from 53% the previous week.

On August 8th, HSH Market Trends reported that 30-year mortgage rates increased slightly, to 4.23% from 4.22%. Rates for FHA-backed mortgages fell slightly, from 3.94% to 3.93%.

Additional information from Freddie Mac can be found by going to: Primary Mortgage Market Survey PMMS – Freddie Mac

Additional information from the Mortgage Bankers Association can be found by going to their site at: Research and Forecasts – Mortgage Bankers Association

Additional information from HSH can be found by going to: HSH.Com

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Ask Angie

We would first like to congratulate our most recent winner: Illinois appraiser Paul Brose of Freese & Associates.  Freese & Associates currently has 18 appraisers and provides appraisal services in the greater Chicago area of northeast Illinois: Cook, DuPage, Will, McHenry, Kane, Kendall and Lake Counties.  Paul was the first to provide the following correct answers to Angie’s questions in the last newsletter: Carl Sagan is the author of the quote "If you wish to make an apple pie from scratch, you must first invent the universe"; Martha Stewart said "So the pie isn’t perfect? Cut it into wedges. Stay in control, and never panic”; and Yogi Berra said "Cut my pie into four pieces, I don’t think I could eat eight”.

Today’s Questions:

1. Who said: “Happiness is when what you think, what you say, and what you do are in harmony.”

a) John Lennon
b) Yoko Ono
c) Mahatma Gandhi
d) All of the above
e) None of the above

2. Who said: "The starting point of all achievement is desire.  Weak desire brings weak results.”

a) Dale Carnegie
b) Tony Robbins
c) Napoleon Hill
d) All of the above
e) None of the above

3. Who said: “But everything is a challenge to me.  Waking up is challenging for me.  I can barely put my clothes on in the morning.”

a) Sara Palin
b) Andrew Cuomo
c) Aubrey Plaza (“April” in Parks and Recreation)
d) All of the above
e) None of the above

The first person to respond with the correct answers wins a choice of one of the following:

One Free Regular Listing on

A Free Copy of the 2014 Directory of Appraisal Management Companies (Available to Members of and FREE!)

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Tell us what you think!

We invite your responses to any of the issues raised in this newsletter. Please e-mail us at: with your thoughts!

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We really hope you find our newsletter to be informative!  If you have any input on future topics for discussion, please email me your questions and I will do my best to address them in the next issue.  If you want to look back at past issues you can see our archive at


Bill Collins, Appraiser Help Inc.

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