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Real Estate Appraisal in the US
IBISWorld, April 2009, Pages: 36
This industry comprises establishments primarily engaged in estimating the fair market value of real estate. Appraisers research a property or development to determine the characteristics pertinent to its market value. Valuations for a property are carried out when it is bought, sold, mortgaged, leased or insured. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
House of Bricks or Sticks?
This industry has faces some intriguing times of late. Operators have played their part in the subprime crisis with critics citing over-inflated appraisals, influencing the collateral for the mortgage loan of houses. The expected extra scrutiny, with the potential for tighter regulation, is also expected to constrain returns and profit margins in the short term.
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