Advances in Automated Valuation Modeling

Part I. AVM, Valuation and Non-Agency Mortgage Crises: AVM, Mortgage Crises and Valuation in Person

1. A Brief Outline of AVM Models and Standards Evolutions
Maurizio d’Amato

2. Appraisal Methods and the Non-Agency Mortgage Crisis
Maurizio d’Amato, Tom Kauko

3. Automated Valuation Models and Economic Theory
Manya M. Mooya

Part II. AVM, Valuation and Non-Agency Mortgage Crises: Experiences in AVM

4. Automated Valuation Models for the Granting of Mortgage Loans in Germany
Franz Eilers, Andreas Kunert

5. An Estimative Model of Automated Valuation Method in Italy
Marina Ciuna, Francesca Salvo, Marco Simonotti

6. Emerging Markets Under Basel III: Can Moral Hazard Lead to Systematic Risk and Fragility? Analysis of REIT’s in Turkey
Kerem Yavuz Arslanlı, Dilek Pekdemir

7. An Application of Short Tab MCA to Podgorica
Maurizio d’Amato, Vladimir Cvorovich, Paola Amoruso

Part III. AVM Methodological Challenges: Dealing with the Spatial Issue

8. Spatial Analysis of Residential Real Estate Rental Market with Geoadditive Models
Vincenzo Giudice, Pierfrancesco Paola

9. A Spatial Analysis for the Real Estate Market Applications
Rocco Curto, Elena Fregonara, Patrizia Semeraro

10. Location Value Response Surface Model as Automated Valuation Methodology a Case in Bari
Maurizio d’Amato

11. Further Evaluating the Impact of Kernel and Bandwidth Specifications of Geographically Weighted Regression on the Equity and Uniformity of Mass Appraisal Models
Paul E. Bidanset, John R. Lombard, Peadar Davis, Michael McCord, William J. McCluskey

12. Dealing with Spatial Modelling in Minsk
Maurizio d’Amato, Nikolaj Siniak, Paola Amoruso

13. Using Multi Level Modeling Techniques as an AVM Tool: Isolating the Effects of Earthquake Risk from Other Price Determinants
Richard Dunning, Berna Keskin, Craig Watkins

14. The Multilevel Model in the Computer-Generated Appraisal: A Case in Palermo
Marina Ciuna, Francesca Salvo, Marco Simonotti

Part IV. AVM Methodological Challenges: Non Deterministic Modelling

15. Automated Valuation Methods in Real Estate Market—a Two-Level Fuzzy System
Marco Aurélio Stumpf González

16. An Application of RST as Automated Valuation Methodology to Commercial Properties. A Case in Bari
Maurizio d’Amato, Malgorzata Renigier-Biłozor

Part V. AVM Methodological Challenges: Inputs and Models

17. The Theory and Practice of Comparable Selection in Real Estate Valuation
William J. McCluskey, Richard A. Borst

18. Reducing the Appraisal Bias in Manual Valuations with Decision Support Systems
Carsten Lausberg, Anja Dust

19. An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari
Maurizio d’Amato, Yener Coskun

20. Automatic Research of the Capitalization Rate for the Residential Automated Valuation: An Experimental Study in Cosenza (Italy)
Marina Ciuna, Manuela Ruggiero, Francesca Salvo, Marco Simonotti

21. Automated Procedures Based on Market Comparison Approach in Italy
Marina Ciuna, Manuela Ruggiero, Francesca Salvo, Marco Simonotti

22. Short Tab Market Comparison Approach. An Application to the Residential Real Estate Market in Bari
Maurizio d’Amato, Vladimir Cvorovich, Paola Amoruso

Avainsanat: Engineering, Computational Intelligence, Economic Theory/Quantitative Economics/Mathematical Methods, Banking