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» Appraisal Experts Discount New Fitch Policy Trimming Values on Soft-Market Properties Assessed With AVMs
Appraisal Experts Discount New Fitch Policy Trimming Values on Soft-Market Properties Assessed With AVMs
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Appraisers are up in arms about the decision by Fitch Ratings to discount home prices in soft markets by 10 percent to 15 percent when automated valuation models were used to come up with property value estimates.