Comparative Study of House Valuation Models Based on Traditional and Modern Methods

In the context of the swift advancement of the economy and the hastening pace of urbanization, the real estate market has assumed an increasingly pivotal role within the national economy. This study reviews the current status and trends of house valuation methods, analyzes the advantages and disadvantages of traditional and modern methods, and looks ahead to future research directions. The study found that traditional methods are simple to operate but have significant limitations, while modern methods have advantages in handling complex data and capturing market dynamic changes but also have limitations in explanatory power. Hybrid models combine the advantages of traditional and modern methods, improving prediction accuracy and model interpretability.