Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?
Episode description
Most of us don’t have enough money in the bank to buy a house in cash. We need to convince someone to lend us the money. Listen to host Maiclaire Bolton Smith talk to CoreLogic Chief Appraiser Shawn Telford and learn about how banks are leveraging PropTech to determine the worth of a home, as well as the consequences that innovation has on markets, loans and affordability.
Learn more about how technology is transforming the property industry by following along with CoreLogic analysis: https://clgx.co/3zqhBZt
In this episode:
1:17 – Who is Shawn and how did he end up in real estate?
3:19 – How did 2022 market conditions create challenges (and opportunities) in appraising?
5:03 – How will home price growth and inflation affect the future of appraising?
8:00 – How do you compare home values in a volatile market?
11:35 – Appraising staff shortages make room for remote desktop appraisals
13:26 – Are appraisal waivers here to stay?
16:16 – How was the pandemic a catalyst and a lingering influence for digitization?
18:39 – What do digital opportunities mean for the development of the appraisal industry?
22:01 – What is coming up for lenders, appraisers and homeowners?