Frequently Asked Questions
How can Home Value Predictor help me make more profits and income and reduce risk?
For the real estate investor or homeowner who wants or expects their home to increase in value, having access to the most current local information and quality due diligence is vital in making the right investment choice. For real estate professionals being able to be a true local expert is critical to building solid relationships with the public, and closing more sales. For the lender, having access to the most current local information that WILL affect the future is vital. Having accurate and current local information and forecasts would have prevented the issues in the 90’s and beyond.
Can’t I just get local data and information anywhere?
Many real estate web sites and data provider have “current” home values and property information; however these are all based on historical data, sometimes months or even worst, more than a YEAR old. Even worse, most “current” real estate variables are at such a high level of geography such as “Market” or City, that these aggregated values are extremely INACCURATE for any home or Block. Home Value Predictor is the only provider of FUTURE real estate value changes, that are based on many indicators that have been proven to be the most accurate and current forecasting variables, for over 350,000 US markets.
What is so special about Home Value Predictor’s information?
Even if an investor or real estate professional could compile a large database of current local data, what matters is the trends and slopes of the critical variables and their daily, monthly, and quarterly changes. And how these variables have, and WILL affect prices at the Block level. Home Value Predictor saves the investor and real estate professional years of data collection and delivers answers to critical questions, instantly.
What markets do you cover? What does over 350,000 US markets mean?
Home Value Predictor covers practically every Census Block Group, Census Tract, Zip Code, Neighborhood, City, County, and Metro Market in the US.
Definitions:
Census Block Group (Blocks): There are 290,000 Blocks in the US, and Home Value Predictor covers them all. Defined by the US government as where there are approximately 300 houses or households. Historically, the Block trends are the most important variables to consider when investing and proper risk assessment.
Census Tract (Tracts): There are 65,000 Tracts in the US.
Zip Codes: There are 42,000 Zip Codes in the US.
Neighborhoods: Home Value Predictor monitors the top 20,000 neighborhoods.
Cities: Home Value Predictor monitors the top 20,000 cities.
Counties: There are currently 3,219 counties in the US, and Home Value Predictor covers them all.
Market: There are 396 Metro Markets in the US, and typically there is VERY LITTLE correlation of ANY Block information or property data, to the Market.
How Accurate are Home Value Predictor Predictive Model and Forecast? Can I Trust Them?
We’ve tested our methods to give you the most accurate investment information on over 350,000 US markets. Our forecasts have proven to be highly reliable and the predictions have been tested through several market cycles. Home Value Predictor’s calculations are based on hundreds of different variables. The variance and forecast for each Block, Zip Code, and County is different, and is dependent upon the changes of the slopes of each of the hundreds of variables. Our margin of error of one to three percent.
What are the Benefits of Registering?
Registered members get important real estate investment information in real time 24 hours a day, 7 days a week. As a registered user, you may access Home Value Predictor’s unique maps and reports as often as you wish. You may print the maps and reports and use them in your market analysis. Home Value Predictor’s real-time investment support gives you a detailed analysis on over 350,000 markets, and their forecasted value changes. Real estate professionals who use Home Value Predictor’s information to advise their clients will be able to provide a service that is unequaled and unmatched by any other real estate information provider. Information that will help anyone make better home-buying/selling decisions. Lenders can use Home Value Predictor’s property value projections to validate appraised values. Investors will benefit by closing more profitable business deals and properly asses the value and risk of the current real estate and mortgage portfolios.
What am I seeing when I look at the Home Value Predictor maps?
All real estate is local AND relative. Type in your address or zip code, and the Home Value Predictor automatically finds your Block. Then you can compare your Block to its Zip Code, County, or State; base upon many critical variables such as job growth or forecast value changes. Each time you select a different variable to compare your chosen Block, the maps are dynamically rendered (drawn), so you see the most current relative information. The color coded map view also allows you to quickly understand relative values changes and forecasts, which are critical for making informed real estate decisions.
What types of Reports does Home Value Predictor offer?
Home Value Predictor offers three types of Reports. The Home Value Predictor Free Report on over 350,000 markets which shows the boundaries of each of the 350,000+ markets and the latest directional trend of each market. The Home Value Predictor Standard Report for trial members, also includes the Block level Home Value Predictor 6-month forecast. And the Home Value Predictor Premium Report includes the latest trends of all critical variables of the Block and surrounding areas.
Can I add the Home Value Predictor maps to my website?
Yes. As a registered member, choose the county information that you want to have on your website and copy and paste the code on your website. This is done from within your own Home Value Predictor account. These maps show the power of Block variations within a county and give you the ability to choose what information to display to your clients. Home Value Predictor also offers a widget which displays smaller maps for those who want a smaller map. All maps are updated daily as information changes.
How Does Home Value Predictor Work?
Home Value Predictor works for you to show you where the prime investment targets are within over 350,000 markets. We compile data from a variety of sources, use unique financial analysis, and we put it all in easy-to-interpret visual maps and reports, using color gradations to denote the “hot spots.” Home Value Predictor gives real-time, interactive, street-level, user-defined heat maps and reports for use in detailed real estate analysis and decision support. Using these tools, an agent, broker, lender, appraiser or investor can project the statistical likelihood of rising or falling values in a selected location and Block. Home Value Predictor is an indicator of forecasted property values, much as a barometer indicates the approach of good or bad weather.
How often is the Home Value Predictor Site Updated?
You’ll get real information in real time. Home Value Predictor team of experts collects and analyzes statistical real estate data daily. The relevant variables needed for property value projection and investment support are updated on a monthly basis.
Is Home Value Predictor for Everyone?
Home Value Predictor is for anyone who wants to make intelligent and profitable real estate decisions. Although everyone is welcome to try out the Home Value Predictor, this unique investment tool is best suited for real estate brokerages, lenders, banks, title companies, institutional investors, appraisal companies, developers, REITs, TICs, and consumers who view real estate as an investment.
Is Home Value Predictor Web Site Secure?
We protect your information. Home Value Predictor uses Secure Socket Layer (SSL) and independent security monitoring to protect its data and your personal information.
How does Home Value Predictor compare to the competition?
No one can do what Home Value Predictor can. Home Value Predictor instantly transforms very large complex data sets into meaningful information. Others only have yearly market (metro area) data and long reports. Home Value Predictor is updated daily, monthly, and quarterly since current information and relative local market information is what matters in making smart real estate decisions.
How Can I Get More Information?
If you have additional questions or need any other type of assistance, please contact Home Value Predictor Customer Service at 1- 408-256-7765 or use our contact form. A Home Value Predictor representative will reply to your question as quickly as possible.
