Home Value Modernization Tools Valuation 
Housing Wire
MAY 27, 2022
There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. As a result, homes located in minority neighborhoods have been chronically undervalued, exacerbating the racial wealth gap.
Appraisal Buzz
MAY 6, 2024
And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket. Areas more exposed to such risk are likely to see increased volatility in valuations.” The post Going to Extremes appeared first on Appraisal Buzz.
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Appraiserblogs
APRIL 23, 2024
“FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called Census Block Grid.” The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. Related Posts: The One-Mile Rule: Prudent Policy or Modern Day Redlining?
Housing Wire
JUNE 14, 2022
Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said.
Housing Wire
FEBRUARY 24, 2023
For instance, in the conversation at the ASC hearing on using automated valuation models (AVMs) as a viable, non-subjective tool for understanding value accuracy during underwriting , concerns were brought up about bias being present in the data itself. Is “better” good enough as a starting point?
Cleveland Appraisal Blog
FEBRUARY 4, 2021
AVM’S ARE GREAT MARKETING TOOLS. Zillow, one of the most wide-known AVM’s has stated that their values are not to be considered as appraisals. Though, sadly some still view these types of value outputs as reliable. So, why offer a valuation service that provides values that should not be relied upon?
Eppraisal
AUGUST 22, 2023
The world of real estate has undergone a technological transformation over the past 10 to 20 years, with Automated Valuation Models (AVMs) emerging as powerful tools for property valuation. These AVMs cater to individual buyers and sellers, providing quick property value estimates and insights.
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