REAL ESTATE MARKET CONDITION INDICATOR

摘要

A computer model for comparing an index with its long-term equilibrium value is generated by analyzing historical data, including macroeconomic data, and home price index data associated with real estate properties. The model is used to generate a measure of market condition that may represent the likelihood that a real estate property is located in an overvalued or an undervalued market. The measure of market condition may, for example, be used by a mortgage lender or servicer to correct credit criteria for accepting loan requests.

主权项

1. A system, comprising:
a first data repository that stores macroeconomic data for each of a plurality of markets; a second data repository that stores home price index data for each of the plurality of markets; and a computer system comprising one or more computing devices, the computer system programmed to generate, for a specific real estate property, a measure of market condition using the macroeconomic data and the home price index data for a selected market and a time of interest, wherein the selected market is based at least partly on the geographical location of the specific real estate property, said measure of market condition representing a likelihood that a value of the specific real estate property will change; said computer system further comprising a financial evaluation criteria adjuster component that automatically adjusts financial evaluation criteria based on the measure of market condition; wherein the computer system is programmed to generate the measure of the market using a model that compares equilibrium value of the home price index with the home price index at the time of interest, said equilibrium value of the home price index depending on the macroeconomic data for the selected market.