Appraisals Archive

A Breakdown of NAR Commercial Members’ Income

Half of all members are brokers (47 percent) and a third are sales agents (30 percent). The median gross income for brokers in 2016 was $154,900 compared to sales agents at $81,300. The median annual gross income for all...
September 1, 2017

The Future of Appraisal: It’s Not Simple

Reports of delayed appraisals and rising appraisal costs flourished in 2016. In this article, we try to shed light on potential paths the industry might take moving forward given trends in demographics, training, and automation. This analysis suggests that...

Online Home Value Estimates Are NOT Appraisals

Where are these home value estimates coming from? The prevalence of technology gives anyone more access to a broad spectrum of information on the internet. In real estate, access to property details and values is easier due partly to...

REALTORS® Reported More Contracts Were Settled on Time from January—March 2017 Compared to Past Years

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed,...

24 Percent of Contracts in December 2016—February 2017 Had a Delayed Settlement

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed,...