Surging Mortgage Volume Puts Pressure on Appraisal Turn Times

HousingWire, Aug. 4, 2020–Alex Roha
Just as it has for every other industry in the country, the COVID-19 pandemic has impacted the U.S. housing market in unexpected ways since March. In this case, record low interest rates and spikes in mortgage applications have created a backlog many companies are struggling to manage.