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Automated valuation models an international perspective [electronic resource]

By: Contributor(s): Language: English Publication details: London CML 2007ISBN:
  • 1905257120
Subject(s): LOC classification:
  • 333.3320973 $2 18
Online resources: Summary: Research paper investigates how automated valuation models (AVMs) are being used in other countries. Seeks to identify indicators of possible future development within the UK. Finds that patterns of their use across the world are complex and patchy. Although they are well-established in only three countries, worldwide usage is clearly increasing. This growth is driven by competition in the lending industry, together with time and cost pressures. AVMs have not yet been tested in a falling housing market. Innovations of their use include the integration of valuation, credit and capacity data and decision rules in electronic decision-making platforms.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 140808-1001

Research paper investigates how automated valuation models (AVMs) are being used in other countries. Seeks to identify indicators of possible future development within the UK. Finds that patterns of their use across the world are complex and patchy. Although they are well-established in only three countries, worldwide usage is clearly increasing. This growth is driven by competition in the lending industry, together with time and cost pressures. AVMs have not yet been tested in a falling housing market. Innovations of their use include the integration of valuation, credit and capacity data and decision rules in electronic decision-making platforms.