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Articles and announcements from AVMetrics.
FeaturedArticlesProperty Inspection Waivers Took Off After the Pandemic Set InAppraisals are the gold standard when it comes to valuing residential real estate, but they aren't always necessary. They're expensive and time-consuming, and in the era of COVID-19, they're inconvenient. What's the alternative? Well, Fannie and Freddie implemented a "Property Inspection Waiver" (PIW) alternative more than a decade ago. However, it's been slow to catch…Read the article →
FeaturedArticlesFour Points to Consider Before Outsourcing AVM ValidationAVMs are great, but using them properly requires being careful to follow the rules set by the OCC. This paper outlines how to outsource AVM validation and stay in "compliance" with regulators' requirements.Read the article →
FeaturedArticlesIn the World of AVMs, Confidence Isn't OverratedThe "Confidence Scores" provided with most AVMs are not standardized, but they are a very effective guideline estimating the accuracy and precision of AVM value estimates.Read the article →FeaturedArticles2020 Testing Schedule AnnouncedAVMetics’ ongoing independent AVM testing continues in 2020 according to the schedule in the link below. Please download the pdf with the entire 2020 testing schedule. 2020 AVM Validation Testing DatesRead the article →FeaturedArticlesAn Interview with Lee Kennedy: Trends, the Future, and RegulationThe AVMNews sat down with our publisher Lee Kennedy to discuss trends in the industry. AVMNews : Lee, as the Managing Director at AVMetrics, you’re sitting at the center of the Automated Valuation Model (AVM) industry. What changes have you seen recently? Lee : There’s a lot going on. We see firsthand how the evolution…Read the article →FeaturedArticlesLos Angeles Market SummaryHeadline for Lynn Kennedy's Market Summary Lynn Kennedy, a contributing consultant at AV Metrics, provides us the Market Summary for Los Angeles County featured in Mobility Magazine, July 2019. http://www.nxtbook.com/ygsreprints/WERC/mobility_072019/index.php#/30 Learn more about Mobility Magazine, the magazine of the Worldwide ERC, dedicated to professionals involved in talent mobility. www.worldwideerc.orgRead the article →
FeaturedArticlesAVM Regulatory OutlookAs always, changes are coming to the valuation industry. These changes have been germinating in government and industry for a long time, but they've made progress in the last year, and I believe that they're likely to emerge sometime this year. I expect that we may see more regulatory changes liberalizing the use of AVMs…Read the article →
FeaturedArticlesThe Proper Way to Select an AVMAfter determining that a transaction or property is suitable for valuation by an Automated Valuation Model (AVM), the first decision one must make is "Which AVM to use?" There are many options – over 20 commercially available AVMs – significantly more than just a few years ago. While cost and hit rate may be considerations,…Read the article →
FeaturedArticlesAVMs Keep Getting Better, Craig Gilbert NoticedFor more than 12 years we've been testing AVMs and watching them improve over time. More model builders have developed better techniques, and with the falling cost of processing and storage, and with the improving availability of data, AVMs just continue to get better and better. We aren't the only ones noticing. We recently read…Read the article →
FeaturedArticlesFour Points to Consider Before Outsourcing AVM ValidationAVMs are great, but using them properly requires being careful to follow the rules set by the OCC. This paper outlines how to outsource AVM validation and stay in "compliance" with regulators' requirements.Read the article →FeaturedArticlesIn the World of AVMs, Confidence Isn't OverratedThe "Confidence Scores" provided with most AVMs are not standardized, but they are a very effective guideline estimating the accuracy and precision of AVM value estimates.Read the article →FeaturedArticles2020 Testing Schedule AnnouncedAVMetics’ ongoing independent AVM testing continues in 2020 according to the schedule in the link below. Please download the pdf with the entire 2020 testing schedule. 2020 AVM Validation Testing DatesRead the article →FeaturedArticlesAn Interview with Lee Kennedy: Trends, the Future, and RegulationThe AVMNews sat down with our publisher Lee Kennedy to discuss trends in the industry. AVMNews : Lee, as the Managing Director at AVMetrics, you’re sitting at the center of the Automated Valuation Model (AVM) industry. What changes have you seen recently? Lee : There’s a lot going on. We see firsthand how the evolution…Read the article →FeaturedArticlesLos Angeles Market SummaryHeadline for Lynn Kennedy's Market Summary Lynn Kennedy, a contributing consultant at AV Metrics, provides us the Market Summary for Los Angeles County featured in Mobility Magazine, July 2019. http://www.nxtbook.com/ygsreprints/WERC/mobility_072019/index.php#/30 Learn more about Mobility Magazine, the magazine of the Worldwide ERC, dedicated to professionals involved in talent mobility. www.worldwideerc.orgRead the article →FeaturedArticlesAVM Regulatory OutlookAs always, changes are coming to the valuation industry. These changes have been germinating in government and industry for a long time, but they've made progress in the last year, and I believe that they're likely to emerge sometime this year. I expect that we may see more regulatory changes liberalizing the use of AVMs…Read the article →FeaturedArticlesThe Proper Way to Select an AVMAfter determining that a transaction or property is suitable for valuation by an Automated Valuation Model (AVM), the first decision one must make is "Which AVM to use?" There are many options – over 20 commercially available AVMs – significantly more than just a few years ago. While cost and hit rate may be considerations,…Read the article →FeaturedArticlesAVMs Keep Getting Better, Craig Gilbert NoticedFor more than 12 years we've been testing AVMs and watching them improve over time. More model builders have developed better techniques, and with the falling cost of processing and storage, and with the improving availability of data, AVMs just continue to get better and better. We aren't the only ones noticing. We recently read…Read the article →