On a recent broadcast of Mortgage Markets Today, Christian Broadwell, Founder & CEO of Realty Pilot stated that access to real time data is improving the quality of valuations. Application program interfaces that allow live data to flow from the MLS directly to client interfaces provides transparency into live offers and other data points delivering similar transparency as the equity market. Broadwell stated that based on the data he has analyzed, we could experience a 10-15% drop in values in the coming months as the market corrects. Broadwell goes on to discuss institutional buying developments, problems that plague the industry and regional value trends.
How Data is Improving the Quality of Valuations
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