Powered by lexis nexis

Why Appraisals Are Taking So Long In the Pacific Northwest

Mar 01, 2017 - National Mortgage News

Lenders have been pulling their hair out over extreme appraisal delays in the Pacific Northwest and are trying to figure out why it's happening to a greater degree there than elsewhere.

It's well known that appraisers are aging and in increasingly short supply in rural areas, but the shortage seems to be spreading to the region's metropolitan markets. Certainly, the problem has been made worse by strong demand - Seattle and Portland, Ore., consistently rank among the country's hottest hous...