Industry Analysis & Industry Trends
Future bright for appraisals, but with some dark clouds
After significant declines resulting from the subprime mortgage crisis and poor economic conditions, the Real Estate Appraisal industry is on the road to recovery. As business and consumer sentiment improves and residential and commercial developments spring up over the five years to 2017, revenue will increase steadily. However, fluctuating interest rates and competition from appraisal management firms and appraisal generators will threaten this growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Real Estate Appraisal industry in the United States has a low concentration of ownership. The top five firms in the industry account for less than 15% of industry revenue with the largest having a market share of just 6.2%. The larger participants in the industry are generally subdivisions of large multinational property, brokerage, and global real estate service firms.
The vast majority of companies operating in the industry are small, independent firms with few employees or single-owner operators. According to the US Census and IBISWorld estimates, 75.3% of establishments are nonemployers. From 2008 to 2010, the total number of establishments in the industry was decreasing. The number of nonemployer establishments was decreasing at a faster rate than employer firms... purchase to read more