Home price indices (HPIs), rental price indices (RPIs), and other market-level Data Points from HouseCanary provide a wealth of insights to inform your real estate-related decisions. Our market-level data helps evaluate investments and explore new markets for expansion across the real estate industry, including Single Family Rental (SFR), Fix and Flip, real estate lending, and the secondary mortgage market.
This article is part four of a four-part series. Explore how to use HouseCanary’s property valuation data and analytics 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 II: Forecasting and HouseCanary Data Points Part III: Rental Analysis.
Data Points on market outlook
Compare housing markets broadly, and get a granular look at growth within markets of interest, with increasingly localized HPIs. HouseCanary generates HPIs for state markets, metropolitan statistical areas (MSA), metropolitan divisions (metro div), and down to the ZIP code level.
These Data Points inform you about market-level factors that can impact home values over time, providing a window into the desirability of any market. Across all markets, HouseCanary’s proprietary home price forecasts explain more than 95% of historical variability in price changes (R2>0.95%). HouseCanary’s dataset captures deep histories, in some areas as far back as 20 to 40 years, with the aim of providing information covering at least one full housing cycle. That dataset gives our machine-learning models an edge in reliably assessing local market volatility and forecasting future risk.
Data Points on market details and risks
HouseCanary reports affordability information as the fraction of median household income needed to maintain median home payments on a 20% down, 30-year fixed rate mortgage.
Our granular data helps you zoom in to find the fastest-appreciating neighborhoods within hot markets, taking a deeper dive into markets with Details at MSA and ZIP code levels. We offer a proprietary Market Grade for the desirability of a particular ZIP code, taking into account median household income, job market, homeowner-to-renter ratio, and more.
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.
Interested in more info about the HouseCanary family of home valuation tools? Click to find out more.