Letting Algorithms Replace Human Appraisers

UK Daily Mail: Proposed new regulations would allow homes to be bought and sold through electronic valuations rather than human appraisers Home appraisals could be done electronically without the need for a licensed human regulator, according to new proposals   Regulators say the vast majority of homes could be appraised using electronic algorithms which could make house buying faster and cheaper    About 214,000 home sales could have been made last year with the change  House appraisers were largely blamed for inflating prices during the crash…”

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