Yesterday, a preliminary analysis of a NAR survey was released, which indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets.
The use of out of area appraisers was reported by approximately 70 percent of REALTORS. Respondents also indicate that appraisers are facing time constraints by AMCs. You can get more information on the NAR Research page on the impact of HVCC.
Appraisal issues associated with the implementation of HVCC have recently been in the news. The survey was statistically representative of the NAR membership.