Tue, 14 August 2018
CW 1042 - Rising Inflation, the Future of AVMs & Impact of Short-Term Rentals with Dr Andy Krause, Part 2
Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening.
Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.
[5:07] Inflation is rising into the range the Central Bank deems "healthy"
[8:39] America is the land built on consumer spending
[12:36] American manufacturers are running low on parts
Dr. Andy Krause, Part 2
[15:35] What the AVMs do outside of simply valuing individual homes
[17:56] The future of AVMs
[21:15] The effects of the short-term rental market on the overall housing market
Mon, 13 August 2018
CW 1041 - Insider Sign for Housing Market, Labor Shortages & Science Behind Automated Valuation Models with Dr Andy Krause, Part 1
Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector.
Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down.
[4:55] Reaching the point of vacation saturation
[10:05] An insiders sign on the direction of the market
[14:35] There is a massive labor shortage in construction and wages are going up
Dr. Andy Krause Interview:
[18:27] The biggest AVM people know about is Zillow
[19:28] The science (and accuracy) behind current AVMs
[22:22] 2 things that are stopping a database from happening that would significantly improve appraisals
[26:52] How does the AVM come up with a value?