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Podcast: Lykken on Lending
Episode: 01-31-2024 AI in Appraisals - A Coming Revolution? with Allan Weiss of Weiss Analytics
Description: Automated Valuation Models, or AVMs, are computer algorithms that use various data points and statistical models to estimate the value of a property. These models consider factors such as property characteristics, location, historical sales data, market trends, and other relevant information. The result is an automated property valuation report, providing an estimated property value without the need for a human appraiser. Today, We have Allan Weiss, Co-Founder of Case-Schiller index share how they created AVM in property valuation.