Automated Valuation Models (AVMs) and Bias

Join Reena Agrawal, Veros’ Research Economist, in our newest RiskWire webcast episode for an exploration of Automated Valuation Models (AVMs) for property valuation and their potential for unbiased outcomes. Discover how Veros’ research sheds a light on whether AVMs can truly achieve bias-free results, and if there is any impact on AVM results due to historical redlining. Furthermore, uncover how the VeroVALUE AVM can be utilized to meticulously examine and address bias inconsistencies.

The webcast provides valuable insights related to:

  • The components of an AVM
  • Whether AVMs can genuinely operate without bias
  • Results of two comprehensive studies on our VeroVALUE AVM

This episode explores the potential of AVMs as unbiased tools within home valuations. Tune in now for a thought-provoking discussion regarding AVM technology, bias, and its impact on the real estate and housing industry. Watch the full episode here.

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