Appraisers are cooked - HouseCanary just won

[Tim The Enchanter]

Same steer manure, different year. Different decade even. Still smells the same.

 

[Eli]

Eventually AI will but not in my appraisal lifetime....

Your pic? Who is that? lol

 

[jay trotta]

good luck lol selling it to mortgage lending, and fannie has their own inhouse...they can join Zillow offering worthless, free guestimates from the last sale / computer data to consumers...
What the heck is an "actionable valuation" ....??at least they did not mention market value....(yet)

Exactly how "atmospheric adjustments" came into play

 

[Eli]

They will get sued. They are begging for it. Some (or a few) appraiser(s) will be hired by the plaintiff. They (the appraisers) will do fine. I won't swear a State prosecutor won't bring charges on many accounts like antitrust or individual state law violations.

 

[Elliott]

A AVM that builds data from the bottom up to develop a number will disappoint at a higher rate than human appraisers. A AVM that uses sales price as a target and builds its data from the top down could be set to being 99% successful, or any other number, but then it would be as useless as a bunch of appraisers who are known to always hit the number.