Home Sales: Price Appreciation Is Leaving Comps and AVMs in the Dust
04.29.2021 - By Real Estate News: Real Estate Investing Podcast
Home prices have been rising so fast that comps have become wildly unreliable. That’s making it difficult for sellers to set accurate listing prices, and for buyers to get homes appraised for what lenders are willing to loan. Home valuation tools like Zillow’s Zestimate and others are also struggling with a volatile pricing environment, and are often off by an insanely high amount.