Friday 26 October 2018

Which is better at valuing your home — you or a computer program?

Do you have a pretty good idea of what your house is worth? Could you estimate within, say, 5 percent of what it’s likely to sell for? If so, would that make you more accurate about your home value than an estimate from a computer program loaded with recent sales data and algorithms? Maybe. Maybe not. Economists at the Federal Reserve recently completed a study that rated homeowners against computer programs — owners’ estimates of […]



source https://therealdeal.com/2018/10/26/which-is-better-at-valuing-your-home-you-or-a-computer-program/

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