The Accuracy of Automated Valuation Models (AVMs)
A report for TEGoVA by Professor George Matysiak
At a time when the valuation profession is urging the European Commission to investigate a Dutch decree allowing AVMs to be used without any valuer involvement for first-time valuations of homes serving as mortgage collateral, the Matysiak report is especially relevant, because it serves to highlight a contrario just how uniquely dangerous such practice is.