Definition #
Algorithms analyzing 1000+ factors for accurate home pricing.
Key Characteristics #
- Renovation impact modeling
- Neighborhood trend analysis
- Rental yield prediction
- Tax assessment alignment
Why It Matters #
Reduces appraisal errors by 60% (NAR).
Common Use Cases #
- iBuyer instant offers
- Portfolio valuation
- Insurance underwriting
Examples #
- Zillow Zestimate
- HouseCanary
- CoreLogic
FAQs #
Q: Unique property handling?
A: Uses computer vision to assess architectural uniqueness from photos.
Q: Market crash prediction?
A: Flags neighborhoods with 50+% probability of price correction.