Employment of appraisers and assessors of real estate is projected to grow 8 percent from 2014 to 2024, about as fast as the average for all occupations.
Demand for appraisal services is linked to the real estate market, which can fluctuate in the short term. Over the long term, employment growth will be driven by economic expansion and population increases—factors that generate demand for property.
Greater use of mobile technology, which allows workers to appraise and assess properties more efficiently, will increase productivity and may slow future employment growth. In addition, the increased use of alternate valuation products, such as automated valuation models to aid in the appraisal of property for mortgages, might also increase productivity, reducing demand for additional appraisers.
Overall job opportunities are expected to be highly competitive. Employment opportunities should be best in areas with active real estate markets. However, the cyclical nature of the real estate market will directly affect demand, especially for those who appraise residential properties. As a result, job opportunities should be best for those who are able to switch specialties and appraise different types of properties.
Appraisers and Assessors of Real Estate
Percent change in employment, projected 2014-24
Appraisers and assessors of real estate
Total, all occupations
Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program