DUBLIN – (COMMERCIAL THREAD) – The report “The Real Estate Valuation Market in the United States: Size and Forecast with Impact Analysis of Covid-19 (2021-2025 Edition)” has been added to ResearchAndMarkets.com offer.
Economic uncertainty is at an all-time high due to COVID-19. The pandemic has dampened the non-residential and residential construction markets. Hence, the demand for industrial services is declining in 2020. The market is expected to show a recovery from 2021 due to the large-scale recovery of the economies which would reinvigorate the aforementioned construction markets.
The report titled The US Real Estate Appraisal Market: Size and Forecasts with Impact Analysis of Covid-19 (2021-2025 Edition) provides an in-depth analysis of the US valuation market, by number of licenses held, number of assessors active, by main occupation, etc.
Competition in the US real estate appraisal market is highly fragmented, with several local and regional players securing a significant share of the market. In addition, the major players in the US real estate appraisal market are CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company and JP Morgan Chase & Co., which are presented with their respective financial information and business strategies. .
An appraisal is a document that establishes an opinion of the value of a property. Appraisals can be done for a variety of reasons, although the most common reason is to help a lender establish the value of the collateral associated with a mortgage loan. In the United States, most mortgage transactions require an appraisal, which must be performed by a licensed appraiser.
Financial crises have played a critical role in shaping relevant regulations for the assessment process. The appraisal of a property can be done either internally or through a third party known as the Appraisal Management Company (AMC).
An AMC acts as a coordinator between the bank and a panel of independent third-party assessors, who carry out the actual assessment work.
AMCs are either traditional AMCs in which the appraiser visits the property’s website to assess the property’s value, or a digitized version of AMC known as the Automated Valuation Model (AVM).
An AVM can determine a property value much faster and at a much lower cost than a human appraiser, by applying any appraisal model to various sets of data. AVMs have their own set of features and shortcomings which may change over time. AVMs are currently at a niche penetration stage in the United States.
JP Morgan Chase & Co.
Real Questions, Inc.
Wells Fargo & Company
Main topics covered:
2.1 Mortgage industry: an overview
2.1.1 Mortgage history
2.1.2 Mortgage loan process
2.2 Assessment: an overview
2.2.1 The rise of the evaluation industry
2.2.2 Assessment process
2.2.3 Assessment method
2.2.4 Assessment: Country Outlook
2.3 AMC: an overview
2.3.1 Comparison of AMCs
2.3.2 AMC type
2.3.3 Type of MCA: a comparison
2.3.4 Characteristics of digitized AMC (AVM)
2.3.5 Inadequacy of digital AMC (AVM)
2.3.6 Digital management of the end-to-end assessment process
3. Analysis of the American market
3.1 The US Real Estate Valuation Market: An Analysis
3.1.1 The American real estate appraisal market by value
3.1.2 The US assessment market by number of licenses held
3.1.3 The US appraisal market by number of active appraisers
3.1.4 The United States Assessment Market Share by Chartered and Certified Appraisers
3.1.5 The US Home Sales Appraisal Market by Active Appraiser
3.1.6 The US appraisal market by number of employees
3.1.7 U.S. Appraisals Market Share by Employment Status
3.1.8 Assessment market share in the United States as a function of time spent in the profession
3.1.9 U.S. Appraisals Market Share by Major Occupation
3.1.10 United States Assessments Market Share by Organization
4. Impact of Covid-19
4.1 Impact on the US real estate appraisal market
4.1.1 Mid-Covid-19 Assessments
4.1.2 Technological innovations
4.1.3 Owner’s collaboration with appraisers
5. Market dynamics
5.1 Growth drivers
5.1.1 Penetration of Technology in the Assessment Industry
5.1.2 Growth of the housing market
5.1.3 Improving communication between the parties
5.1.4 Automation of data collection
5.2.1 Reduction in the number of assessors
5.2.2 Less Attractive Mortgage Appraisal Business
5.2.3 Limited demand for reviewers by region
5.2.4 Availability of alternative processes
5.2.5 Quality control issues
5.2.6 Regulatory and audit compliance
5.3 Market trends
5.3.1 Growing dynamics of housing for the elderly
5.3.2 Fragmented mortgage lender market
5.3.3 Improving the logistics management of evaluators
5.3.4 Changes to license requirements
5.3.5 Availability of on-site workflows and reporting
6. Competitive landscape
6.1 The competitive landscape of the US valuation market
6.2 US Valuation Market Players by Market Share
6.3 The players in the US valuation market: competitive analysis
7. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/guil93