REAL ESTATE MARKET CONDITION INDICATOR

REAL ESTATE MARKET CONDITION INDICATOR

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 l...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: LIU WEI, BRADLEY MICHAEL G
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung: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.