TagZestimate

Bank AVMs Are As Wildly Inaccurate As A Zestimate – But Will Be Regulated As Legitimate Values

AVMs are incredibly inaccurate and are being misused in property valuation AVMs don't consider the condition of a home The mortgage industry's push toward automation has reduced valuation accuracy AVM or Automated Valuation Models have been incorrectly seen as the humanless way to value property. The technology has been drifting into mortgage lending reliance for more than a decade because it has...