ATTOM expands Rental AVM to nearly 100 million homes and reports 5.9% median error
Rob Barber's ATTOM says its model covers nearly 100 million homes and reports a 5.9% median error.
By RuntimeWire Staff · Published
Primary source: PR Newswire Business Technology
Why it matters
Rental income drives acquisition screening, DSCR underwriting and departing-residence documentation, yet leases are private and many homes have no rental history. ATTOM's expansion gives lenders and investors a rent estimate for nearly 100 million homes.
ATTOM CEO Rob Barber is asking lenders, investors and property portals to trust a rent estimate for homes that may never have been rented. On November 3rd, ATTOM said in its announcement that its enhanced Rental AVM now estimates current monthly market rent for nearly 100 million U.S. single-family homes, condominiums and townhouses, an increase in coverage of about 40%.…
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