The IAS360 House Price Index is the new indicator of housing market trends designed
to provide the market with more accurate, granular and timely trending.
IAS360 measures monthly change in median house sales nationwide,
regionally and in 360 counties.
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 includes all transactions
that meet “arms-length" criteria. In
additional to Fannie Mae and Freddie
Mac-backed transactions, the current
residential real estate market also
reacts to non-conforming, conventional and VA and FHA-insured loans, which make up a significant percentage of transactions
excluded by traditional indices.
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.
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.
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.
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.
*OFHEO index includes only transactions involving conforming, conventional mortgages purchased or securitized by Fannie 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 OFHEO HPI, 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.
