Redfin Throws Down the AVM Gauntlet

All franchises must now scramble to pick it up Before the end of 2016 nearly every real estate franchise and large independent brokerage will offer an automated valuation model (AVM) on the internet, but the vast majority will have very little impact in the marketplace for two reasons. First is that it takes 3-5 years’ of research & development, and perhaps a $20-$50 … [Read more...]