When Business Goes from a Deluge to a Trickle

January 7, 2024

If you have seen LinkedIn or read appraisal-related blogs lately, you know the appraisal workforce is experiencing a wave of layoffs as mortgage lending activity continues to be anemic. While unsurprising, every downturn in housing finance and its related loss of jobs should be a stark reminder of how quickly business can pivot from a deluge to a trickle. The conditions this time, however, are such that we may also see the beginnings of drastic change to how collateral is valued in connection with mortgage loans.

Learn more about this topic from ASA’s Strategic Partnership Officer, John D. Russell, JD, as seen in Appraisal Buzz.

Read the complete article here.

Looking to diversify and expand into litigation services? Register for ASA’s AR202 Litigation Services for Appraisers virtual class to be held January 23-February 9, 2024.

Disclaimer: The views, opinions or examples included in the linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.