How the appraiser shortage is affecting homeowners

/David B. Hollingsworth / The Virginian-Pilot

By Erin Sheckler | inman

There’s a growing problem in the real estate industry — beyond ever-climbing housing prices and inventory shortages.

In short, the system is clogged. With a healthier economy, low unemployment and the Brexit effect causing interest rates to dramatically decline, every month of 2016 has felt like peak homeselling season.

While all the movement is a positive to the industry at large, we’ve some issues at the transactional level. The issue comes with the appraisers — both buyer and seller have their hands tied until an appraiser can evaluate the current value of their home.

Continued:

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