Coronavirus: State of the Appraisal Industry - Part 1
1.
What State do you live in?
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
*
2.
Has your appraisal business slowed 20% or more overall due to the Coronavirus?
(Required.)
Yes
No
No, Business is increasing!
*
3.
Have you stopped performing interior appraisal inspections because of the Coronavirus pandemic?
(Required.)
Yes
No
*
4.
What precautions are you taking in light of the Coronavirus pandemic? (Select all that apply)
(Required.)
None, it’s business as usual
Wearing gloves, mouth cover, and other protective gear while performing inspections
Calling ahead to homeowner/Realtor and requesting that no-one be in the house while I’m inspecting
Stopped performing any interior inspections
Stopped all assignments involving appraisal inspections; still doing other assignments
Seeking review, desktop, and remote assignments
Other: Please list: _____________
*
5.
What percent of homeowners / borrowers are refusing to let you on the property?
(Required.)
None, everyone is accommodating
5%
10%
10%-25%
25%-50%
50%+
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6.
How do you expect the Coronavirus to affect the Demand for Appraisal Services over the next 6-12 months? Do you think the demand for appraisal services will:
(Required.)
Remain steady
Increase due to lower interest rates
Decline Slightly for a few months but will return to normal by the summer
Decline Significantly due to “Shelter in Place” advisories and a frightened public
Decline Drastically: we’re headed for a recession
7.
Are your lender clients allowing Desktop or Exterior Appraisals in lieu of traditional (interior inspection) appraisals?
Yes
No
Current Progress,
0 of 7 answered