The decline in property values is creating significant interest in retrospective AVMs, which provide a property valuation estimate at a date in the past. Clients use these values for several purposes; the most common of which is repurchase risk management. As retrospective AVMs gain greater acceptance, it is appropriate to discuss how they are developed and what users can expect. While this article is based solely on CoreLogic retrospective AVMs and test results, it is meant to provide a good baseline for understanding retro tools and to suggest questions that users might want to ask retro AVM developers.
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