Take it from a Gen-Xer, ignoring the next generation's critiques is the truest sign of having arrived.
Hello OpenHouse readers —
We're still waiting on flying cars (at least ones we can afford), but there's some pretty cool technology for appraisals out there. The newest may be ValPro+, the geospatial, condition-enhanced AVM created by Weiss Analytics and powered by Cape Analytics.
Cape Analytics' AI system instantly extracts property condition from images, then runs that through Weiss' valuation model. The systems have condition data sets for 110 million buildings across the United States. The product is primarily targeted at real estate investors, real estate brokers and mortgage originators, as their model allows investors to get lists of all houses discounted below market value due to condition factors.
Speaking of the latest trend, GenZ is throwing shade at Millennials (and presumably everyone older) for such serious infractions as parting their hair on the side, wearing skinny jeans and the way they use emojis. But Millennials may be too busy buying houses to care.
According to the National Association of Realtors, first-time homebuyers were responsible for 33% of home sales in January, up from 31% in December 2020. A total of 5.64 million homes were sold in 2020, the most since before the Great Recession, which means a lot of Millennials are now enjoying the perks of homeownership.
And take it from a Gen-Xer, ignoring the next generation's critiques is the truest sign of having arrived.
High above your home, a camera snaps pictures of your roof, yard debris and the pool. It could be the next breakthrough in valuations, per Weiss Analytics.
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