In recent years, rapid developments in machine learning and data science have spurred an AVM renaissance. No longer just a marketing tool, AVMs are gaining popularity as an effective and trustworthy solution in higher-stakes situations, including home equity lending and portfolio valuation. But do AVMs only work in stable, upward-trending markets? What happens when markets are constantly changing and uncertain — like we’re currently experiencing with the COVID-19 pandemic?
Watch the video below to learn what to expect from your AVM during uncertain market conditions, how much we should trust AVMs — stable markets or not — and why AVMs that use the “machine learning approach” will outperform and outlast all the others.