Blog
Notes from the testing desk.
Commentary on AVM testing, regulation and the housing market from the team that runs the independent benchmark.
FeaturedAnnouncementsCoronavirus Response – Safety and ServiceAVMetrics is committed to providing our service consistently while protecting the health and safety of our customers, employees, partners and vendors. We are closely monitoring the coronavirus pandemic. We have already taken several steps to prepare for and limit potential impacts to our customers and employees. We have activated our Disaster Recovery Plan and will…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 →FeaturedAnnouncements2019 Testing Schedule AnnouncedAVMetics' ongoing independent AVM testing continues in 2019 according to the attached schedule. Please use the link below to download a pdf with the entire 2019 testing schedule. 2019 AVM Validation Testing DatesRead the article →FeaturedArticlesThe Wild, Wild West of Automated ValuationsRecently the OCC, FDIC and the Federal Reserve proposed raising the de minimis threshold for residential properties below which appraisals are not required to complete a home loan. Currently, most homes transacting at $250K and above require an appraisal, but Federal regulators propose to raise that level to $400K. A November 30 th Wall Street…Read 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 →FeaturedAnnouncements2019 Testing Schedule AnnouncedAVMetics' ongoing independent AVM testing continues in 2019 according to the attached schedule. Please use the link below to download a pdf with the entire 2019 testing schedule. 2019 AVM Validation Testing DatesRead the article →FeaturedArticlesThe Wild, Wild West of Automated ValuationsRecently the OCC, FDIC and the Federal Reserve proposed raising the de minimis threshold for residential properties below which appraisals are not required to complete a home loan. Currently, most homes transacting at $250K and above require an appraisal, but Federal regulators propose to raise that level to $400K. A November 30 th Wall Street…Read the article →