Are buyer and seller expectations regarding home values bound to be influenced by online AVMs in the near future? That is the contention of a recent article which speculates that real estate Web portal AVMs, such as Zillow’s Zestimate, could begin to drive the market as more portals roll out their own AVMs to compete with Zillow in the coming years. Keep reading for the details.
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).