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IntelliReal's Intelligent House Price Index, iHPI™, is a tool that reports on residential real estate price trends at a precedent-setting level of granularity throughout the US. It precisely reports the median price movement starting at a national level down to the subject property's neighborhood for a complete view of collateral risk. iHPI is comprised of more than 45,000 individual indices segmented on dimensions of property type and geography and is available on all valid US postal service addresses.
The iHPI represents median price trends based upon actual recorded sales of greater than 1,500 sales within a given iSegment™ each quarter. The subject iSegment is comprised of the same type of home (e.g., SFR versus condo) characterized by similar attributes and price volatility. The standard report provides two years of price trend data; six historical quarters and a one future quarter forecast.
The iHPI uses the entire population of “arms length” sales including condo sales, separated by type, to establish unique indices by property type. It includes “non-conforming” and conventional sales capturing market adjustments not reflected in other indices and it excludes refinancing mortgages. Since it's partly based upon closed private data transactions from live private data feeds (where authorized), indications of short term trends and volatility can be observed in near real-time.
iHPI orders may be submitted in batch or on one-off basis via a browser-based UI, web services, or an FTP site. Results are returned as PDF, .CSV or XML files.
In one report, see trends for six past and one future quarter at the national, state, County, MSA, zip and granual segment levels. Customized requests for iHPI are also available.
