If you haven’t been living under a rock for the past 12 months, you’ve probably heard all the doom and gloom predictions about the housing bubble bursting, home value averages slumping and the real estate market taking a big hit. In other words, in this market it’s clear why homes aren’t selling — overpriced according to Zillow with no apparent reason for the asking price — but it’s inexplicable as to why so many homes that should be selling below a Zillow Zestimate just aren’t.
HVE uses Freddie Mac’s unique proprietary algorithm that blends model estimates returned by our repeat sales model and hedonic model , which is considered our combining process HVE provides extensive coverage of all 50 states and more than 3100 counties with its database of approximately 100 million property records.
Another website that has become popular among real estate enthusiasts and homeowners is Redfin Estimate With Redfin, you can enter a handful of details about any property and learn about the local neighborhood, the walkability” of a property, and how much property taxes cost each year.
End User acknowledges that the Consumer AVM reports provide estimates of the value of real property and other information related to value based upon the application of valuation models to available data and do not constitute appraisals or broker price opinions of subject properties and may not be relied upon as such.
From mortgage brokers to real estate brokers, lenders to appraisers, borrowers to sellers, the HVCC is widely seen minimally as an expensive burden for borrowers to a trap-laden maze of confusion and over regulation by lenders and other real estate professionals.