Results 241 to 250 of about 7,812,445 (274)

Automated Valuation Models and Economic Theory

2017
Though not always apparent, especially to practitioners, all valuation methods represent attempts at application, or operationalisation, of underlying economic theory. Automated Valuation Methods (AVMs) are no exception. AVMs represent the most advanced application of conventional, or neoclassical economic theory, to the valuation of real estate.
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Neoclassical Economic Theory and Automated Valuation Models

2016
Automated valuation models (AVMs) are mathematical models, which, together with appropriate computer software and databases of property information, are used to provide real estate valuations. AVMs illustrate the application of neoclassical economic theory at its most advanced.
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Automated valuation models by model-building practitioners: An attempt by Japanese practitioners

Journal of Property Tax Assessment & Administration, 2008
In this paper, we first explain the process of land assessment in Japan and compare it with the North American practice. Then, utilizing our experience, we deal with examination of data, neighborhood analysis, model specification, and ratio studies. Finally, we present our thoughts on how this project could contribute to the improvement of Japanese ...
Takashi Yamamoto, Kazuhiko Fujiki
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Automated valuation models by model-building practitioners: Specifying the model to skin the cat

Journal of Property Tax Assessment & Administration, 2008
This paper expands on the research reported by Case et al. in 2004 by constructing another model from a different perspective. The paper describes the data provided, our approach to the problem, final model, and estimated performance for the holdout sales.
Robert J. Gloudemans, Erin Montgomery
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Appraisals, Automated Valuation Models, and Mortgage Default

2006
Previous research has suggested the possibility that professional appraisals or econometric estimates of collateral value may be indicative of credit risk. This paper examines the issue by estimating the probability of a mortgage default (defined both as 90 day delinquency and as a claim on mortgage insurance) as a function of the difference between ...
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Automated Valuation Models for the Granting of Mortgage Loans in Germany

2017
The general framework for the use of automated valuation models, based on the specific legal and regulatory standards for the valuation of property used as collateral in Germany, is described below. With these requirements in mind, the calculation methods for Market Value and Mortgage Lending Values are examined first. There are three methods available
Franz Eilers, Andreas Kunert
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Metrics for Evaluating the Performance of Machine Learning Based Automated Valuation Models

Journal of Property Research, 2021
Robert J Hill, Miriam Steurer, Norbert Pfeifer   +2 more
exaly  

Practice Briefing – Automated Valuation Models (AVMs): Their Role, Their Advantages and Their Limitations

Journal of Property Investment and Finance, 2021
Brano Glumac
exaly  

Data-driven real estate valuation, Part I: foundations, pipeline and model families of automated valuation models

Journal of Property Investment & Finance
Purpose This paper is Part I of a two-part review of Automated Valuation Models (AVMs) as data-driven tools for scalable property valuation. Part I focusses on the methodological foundations of AVMs, the AVM pipeline and the main model families and situates them within the international regulatory landscape and ...
Miroslav Despotovic, Wolfgang A. Brunauer, David Koch   +2 more
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Automated Valuation Models: Improving Model Performance by Choosing the Optimal Spatial Training Level

Journal of Property Research, 2023
Tobias Friedrich, Moritz Stang, Wolfgang Schäfers   +2 more
exaly