Mon, 13 August 2018
CW 1041 - Insider Sign for Housing Market, Labor Shortages & Science Behind Automated Valuation Models with Dr Andy Krause, Part 1
Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector.
Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down.
[4:55] Reaching the point of vacation saturation
[10:05] An insiders sign on the direction of the market
[14:35] There is a massive labor shortage in construction and wages are going up
Dr. Andy Krause Interview:
[18:27] The biggest AVM people know about is Zillow
[19:28] The science (and accuracy) behind current AVMs
[22:22] 2 things that are stopping a database from happening that would significantly improve appraisals
[26:52] How does the AVM come up with a value?