|A new report has identified four companies, including two financial institutions, as being the key players in the real estate appraisal market over the next four years.
During the past five years, the nation’s real estate appraisal market has been on a declining trend. Behind the trend are increased regulations.
As a result of the new regulations, a number of real estate appraisers have left the industry and are instead pursuing careers in other fields.
Those details were discussed by ResearchAndMarkets.com in its report, The US Real Estate Appraisal Market 2018-2022.
From 2018 through 2022, further declines in the real estate appraisal market, which is considered to be very fragmented and concentrated, are expected.
Driving down activity will be barriers to entry, low technology penetration in the industry and more restricted demand in some regions.
The report noted that the mortgage appraisal business has become less appealing, and the real estate appraisal market is now very fragmented — with the business concentrated among several local and regional players .
According to the report, CoreLogic Inc. and Real Matters Inc. are key players in the sector.
Also identified as key players are Wells Fargo & Co. and JPMorgan Chase & Co.
So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...