The mortgage world could be in for an influx of young professionals who are looking for a career in appraisals.
"The number of individuals who sat for the first time for one of the three National Uniform Licensing and Certification Exams last year increased significantly, with the number of Millennial test takers spiking 200%," according to HousingWire.
"According to The Appraisal Foundation, 588 Millennials sat for one of the three exams last year, up from 194 in 2017."
The National Association of Appraisers also conducted a survey of 500 active appraisers with 18.5% of those surveyed looking to retire in two to five years and another 18.7% planning to retire in six to 10 years, according to the report.
"While the appraisal profession is often viewed as a second career choice, these numbers demonstrate that young people also view the profession as an early career choice,” said Vice President of Appraisal Services John Brenan, according to HousingWire.
Millennials are constantly looking for new careers, especially with a job market that is encouraging heavy competition. These numbers prove that the appraisal profession should remain strong in years to come.
To learn more about the increase in millennial interest when to comes to the appraisal profession, click on the image above.