Lots of the residential appraisers are struggling and a few have already moved on. The number of would-be appraisers taking the qualifying education courses for their licenses has almost ceased entirely.
The number of fully licensed/certified residential appraisers in California increased by 60% between 2001 – 2006. The number of trainee licenses tripled during that same time frame. I predict this coming downswing will reduce our numbers by about the same number by the time it’s all over.
