Monday, 12 April 2021 | The Latest Buzz for the Appraisal Industry

The Rate of AVM Error in Majority-Black Neighborhoods

Accurate home appraisals are key not only to attaining mortgage financing but also to establishing the level of equity in a homeowner’s property. Having previously shown that in-person appraisals are subject to bias and discrimination, research associates at the Urban Institute recently conducted a study in an effort to understand how automated home appraisals—which have …

The post The Rate of AVM Error in Majority-Black Neighborhoods appeared first on DSNews.

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