One of the more attractive tools on real estate search websites these days for prospective homebuyers and sellers alike are those providing automated house value estimates. In today’s world the thirst for real-time information is almost unquenchable. Yet arming consumers with such tools without providing them with disclaimers on the limitations of these models can magnify price volatility in housing markets and hurt house sales.
How Online Home-Price Estimators Distort the Market
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