When it comes to estimating home values, both CoreLogic and Quantarium are popular choices. However, their methods and algorithms differ, resulting in slight variations in their estimates. According to recent data, CoreLogic’s Total Home Value Marketing tool estimates the value of a home to be approximately $867,000, while Quantarium values it at around $856,000. Let’s take a closer look at how these estimators work:
CoreLogic’s algorithm takes into account numerous data points such as property characteristics, local market conditions, and recent sales to produce an accurate estimation.
Quantarium, on the other hand, utilizes artificial intelligence and deep learning algorithms to analyze millions of data points such as economic indicators, consumer behaviors, and location to estimate a home’s value.
It’s essential to note that these estimations are just that – estimations. They should not be used as the sole source of information when determining the true value of a property. Numerous other factors such as upgrades, renovations, and location can impact a home’s value, and it’s always best to consult with a professional appraiser or real estate agent for a more accurate assessment.