Forecasting Data Points from HouseCanary inform intelligent investments and responsive portfolio management. Market forecasting is a natural fit for machine learning models, which specialize in processing vast amounts of data. HouseCanary’s data scientists and engineers combine the best of human ingenuity and artificial intelligence to generate sophisticated models that accurately predict the real estate market.
This article is part two of a four-part series. Explore how to use HouseCanary’s property valuation tools to make wiser business decisions with HouseCanary Data Points Part I: Valuation. Discover other ways HouseCanary can support your business in HouseCanary Data Points Part III: Rental Analysis, and HouseCanary Data Points Part IV: Market Analysis.Premium forecasting Data Points
HouseCanary’s rich dataset equips our machine-learning models to generate highly accurate home price indices (HPIs) and forecasts. We use the localized HPI to return a time-adjusted dollar value for a broker price opinion (BPO) that you supply. We curate deep property transaction histories — in some parts of the country, more than 40 years long — to show you the big picture for housing markets.
Data Points for additional forecast context
HouseCanary’s home price forecasts use the ZIP code-level HPI and our automated valuation model (AVM) to forecast percent of growth or decline. We report for intervals 3, 6, 12, 18, 24, 30, and 36 months into the future, or within a time period you specify.
Data Points on local market details and risks
We provide a full range of analytics assessing the health, desirability, and stability of housing markets so that you can see which way the wind is blowing.
Our Affordability model forecasts the fraction of median household income needed to maintain median home payments on a 20% down, 30-year fixed rate mortgage. Details at MSA and ZIP code levels include key indicators to help you identify the fastest-appreciating neighborhoods within hot markets.
We rate ZIP codes using a proprietary Market Grade. Market Grade takes into account median household income, job market, homeowner-to-renter ratio, and more to reveal how a given ZIP code stacks up against the rest of the MSA. We also report Volatility so you can identify stable versus unstable markets.
Look ahead with HouseCanary
HouseCanary’s forecasting tools support all kinds of real estate operations, from tracking changes in familiar markets to identifying new opportunities. These highly accurate HPIs and insightful market analytics provide the information you need to drive your real estate business. Check out our comprehensive API documentation to see what else we have available.
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