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Predictive analytics for real estate: Best tools + guide

Housing Wire

Automated valuation model (AVM): Boosts client consultations by using its proprietary algorithms to accurately estimate home values. PropStream combines multiple valuation methods, which allows you to use real-time sales activity to determine pricing opinions.

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HUD rescinds appraisal review policies

Housing Wire

A December 2022 study by the Brookings Institution found that homes in majority-Black neighborhoods are nearly twice as likely to be appraised below the contract price compared to homes in predominantly white areas.

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Opinion: NAR has finally met its match

Housing Wire

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments.

Realtors 448
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Working with buyers in the nation’s hottest housing market

Housing Wire

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Either way, it puts the squeeze on property valuation. In fact, Austin has just about 1.2

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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. According to the lawsuit, the Aligs, for example, estimated their home was worth $129,000, and provided the information to Quicken Loans. Messages left with plaintiffs’ attorneys were not returned.

Appraisal 448
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Under-Valuations Unrelated to Racial Bias

Appraiserblogs

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. The post Under-Valuations Unrelated to Racial Bias appeared on Appraisers Blogs.

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Offrs Review: Pros & cons, features, pricing, and alternatives

Housing Wire

Ads drive homeowners to a home valuation tool and lead capture, where they can drop in their email addresses to get a home value estimate. How does Offrs’ AI-powered lead generation work? Offrs take a comprehensive approach that involves four essential steps.