PHILADELPHIA, PA, April 23, 2013 (Press-News.org) According to Yoram Eliyahu, recent increases in construction, development and housing demand have created a pervading sense of optimism within the real estate industry. However, as a commercial real estate professional, Eliyahu notes that some trends highlight areas of the industry that need to be repaired. Specifically, Eliyahu points to a recent article from The Colorado Springs Business Journal that reveals a national decline in real estate appraisers.
The article reports, "The Appraisal Institute released a report this week noting that the number of practicing real estate appraisers in the country dropped 3 percent in 2012 and could plummet 25 to 35 percent in the next 10 years because more than half of real estate appraisers are aged 51 to 65. The report also noted there are few people entering the profession." In response, Yoram Eliyahu comments, "Appraisers are essential in the real estate world, especially when it comes to commercial property. These professionals are the individuals who provide a numerical and detailed value on which negotiations are based. Without the refined approach that appraisers offer, there are great opportunities for pricing methods to go awry in commercial real estate."
Although The Colorado Springs Business Journal identifies the potential threat of emerging appraisal alternatives, it suggests that opportunities within this field are numerous. As such, Eliyahu notes that the appraisal field offers a great chance at employment for emerging professionals. "The commercial real estate business is one that is sometimes hard to break into, but those who have adept math and finance skills could find opportunity in the appraisal field. While the field is a great one for young professionals to pursue, there are also many great opportunities for those who have worked in the financial sector to pursue employment."
As real estate industry professionals push for greater attention on appraisal needs, the article observes, "While there are fewer overall appraisers today than in years past, a larger percentage of them are becoming certified." In conclusion, Yoram Eliyahu hopes that the Appraisal Institute will not only focus more on attracting younger appraisal professionals, but will also encourage them to gain the proper certifications to provide thorough service for years to come.
ABOUT:
Yoram Eliyahu is a leading real estate professional who provides specialized guidance regarding commercial property transactions. In addition, Eliyahu offers vast experience and insight to the clients whom he guides through the buying and selling processes. Eliyahu offers a high degree of customer support to each client, as he understands that the real estate industry is not always an easy one for them to navigate. Through his expertise, Eliyahu helps his clients identify the buying and selling opportunities that are in line with their financial and real estate goals.
New Report Wins Attention of Yoram Eliyahu, Who Comments on Decrease in Real Estate Appraisers
A recent report from The Appraisal Institute reveals a steady decline in real estate appraisers and a general lack of interest in the field from emerging professionals. Yoram Eliyahu, commercial real estate professional, comments on the trend.
2013-04-23
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[Press-News.org] New Report Wins Attention of Yoram Eliyahu, Who Comments on Decrease in Real Estate AppraisersA recent report from The Appraisal Institute reveals a steady decline in real estate appraisers and a general lack of interest in the field from emerging professionals. Yoram Eliyahu, commercial real estate professional, comments on the trend.