At its most volatile time in US history, the US housing market demands something more
from its experienced industry professionals; a closer look.
The IAS360 delivers greater accuracy and precision,
reporting on monthly changes in median sales price for detached-single-family homes to the county level. This exciting new index provides mortgage bankers, traders, real estate professionals and the general public
timely insight into market movement at the county level.
New technology for today's volatile market.
The IAS360 House Price Index offers a "next generation" trending methodology that provides an unprecedented
level of detail. Unlike indices that measure broad market trends and lag market behavior by
months, the IAS360 trends house prices at the county-level, rather than MSA or CBSA. IAS approaches real
estate with a sharp analytical eye, understanding that residential real estate markets are a local phenomenon
and easily influenced by numerous market factors.
The IAS360 HPI uses next-generation trending methodology to identify market trends earlier than any other index. Unlike indices that utilize weighted-repeat sales methodologies and smoothing that delays reporting actual market swings, the IAS360 reports change when it happens. The IAS360 is published weeks earlier than competing HPIs and, unlike other indices, refreshes historical trends as new data becomes available for the most accurate and useful view of the market.
IAS Data and Analytics: The right combination at a critical time
IAS Data and Analytics puts the most powerful real estate intelligence at your fingertips setting a gold standard for innovation, performance and value. With IAS Data and Analytics, proactive organizations can rapidly optimize their risk mitigation programs – from monitoring performing loans to early detection of defaulting loans.
- Identify borrower and collateral risk.
- Monitor collateral value risk and market risk using forecast and distressed analytics.
- Put value into context when analyzing immediate market surrounding REO listings.
- Quality control REO assets.
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The IAS360 House Price Index considers non-conforming, bank owned, and conventional sales transactions in addition to those insured by the FHA and VA. For even greater specificity the index separates transaction by property type. Beginning with September's report, the IAS360 HPI will also include REO transactions along with arms-length transactions for a more accurate comparison, competing with traditional house price indexes including the S&P/Case-Shiller® Home Price Index.
The IAS360 uses “next generation” trending methodology to identify market trends earlier than any other index. Unlike indices that utilize weighted-repeat sales methodologies and smoothing that delay reporting actual market swings, the IAS360 reports changes when they happen. The IAS360 is published weeks earlier than competing HPIs and, unlike other indexes, refreshes historical trends as new data becomes available for the most accurate and useful view of the market.
As experts in the default management industry, IAS understands risk mitigation. The IAS360 was developed to
fill critical gaps left by traditional HPI's, including accuracy, speed and localized market conditions. The
IAS360 summarizes median house price trends and appreciation or depreciation occurring monthly within
360 US counties, 9 US census divisions, 4 US regions and the nation. IAS360 is published on a monthly basis with
a 1-month lag, making this one of the timeliest indices on the market.
IAS360 measures monthly change in median house sales nationwide,
regionally and in 360 counties.
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Unlike traditional indices, the IAS360
does not use the "repeat sales" methodology because it significantly limits the number of transactions available
to define the trend which may be
exacerbated in slower market conditions.
The IAS360® utilizes proprietary
patent-pending technology that
aggregates micro-geographies characterized by 400 scaled and weighted social, economic,
geographic and housing attribute dimensions.
- The IAS360 uses non-conforming, bank-owned and conventional sales transactions in addition to those insured by the FHA and VA. And for greater precision the IAS360 separates transaction by property type.
- For the highest level of value accuracy, IAS supplements its data with current, real-time
sources and diligently filters, scrubs and cross references all incoming data. The use of
additional data sources increases the percentage of transactions utilized in the IAS360.
Learn more about the IAS360 House Price Index:
*OFHEO index includes only transactions involving conforming, conventional mortgages purchased or securitized byFannie Mae or Freddie Mac. Conforming refers to a
mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that does not exceed the conforming loan limit, a figure linked to an index
published by the Federal Housing Finance Board. The conforming mortgage loan limit for single-family homes in 2006 is $417,000. Conventional means that the mortgages
are neither insured nor guaranteed by the FHA, VA, or other federal government entities. Mortgages on properties financed by government-insured loans, such as FHA or
VA mortgages, are excluded from the FHFA monthly index (formerly called the OFHEO monthly house price index, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on
condominiums, cooperatives, multi-unit properties, and planned unit developments are also excluded.
CDA, iValue, iMVI, IAS360 and Integrated Valuation Solutions are trademarks of Integrated Asset Services. IAS, Integrated Asset Services, No Excuses and i-Series are registered trademarks of Integrated Asset Services,LLC.
