Property valuation has always been one of the stranger parts of the mortgage transaction for consumers. A buyer can negotiate a purchase price with a seller, provide months of financial documentation to a lender and get all the way through underwriting only to have...
The property data provider ATTOM announced rollout of an updated automated valuation model (AVM) that is being promoted as a “a ground-up, AI-first rebuild designed to move beyond the limitations of traditional comparable-sales-based valuation models.” According to...
Six federal regulatory agencies have jointly requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In a statement, the agencies said the proposed rule would “implement quality control...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
