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Insights

Home Prices and Forecasts

Introducing the Collateral Analytics Real Time Home Price Indices

| Dr. Michael Sklarz* and Dr. Norman Miller**

Intro­duc­tion

Collateral Analytics has created a new set of Daily Home Price Indexes, HPIs, for single-family residential transactions in a number of major metros.[1] Residential real estate has always been a very important asset class for the typical household since a high percentage of each household’s net worth is attributed to it. It is well known that daily and, even, intraday price data is available for many years for stocks, commodities, currencies, bonds, and cryptocurrencies for many years. Our motivation is to provide some of this same high frequency market information for home prices to the real

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Mortgage Analytics

The Collateral Analytics New Credit Risk Model

| Dr. Anthony Pennington-Cross*, Dr. Michael Sklarz** and Dr. Norman Miller***

Download a PDF file of this research paper here.

Introduction

The new credit risk model (CRM) recently developed by Collateral Analytics is designed to better predict mortgage performance for new and seasoned individual mortgages and pools of mortgages. The CRM takes advantage of Collateral Analytics’ industry-leading Automated Valuation Model (AVM) to evaluate expected defaults and the losses on these defaults. The CRM is responsive to the upcoming Current Expected Credit Loss (CECL) impairment standards for banks. [1] CECL requires that expected losses need to be projected for all loans, not just impaired loans. Therefore, banks and other financial institutions…

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News

Collateral Analytics Launches a New Commercial Automated Valuation Model

| Collateral Editor

 

CA Commercial AVM will assist lenders with portfolio valuations, underwriting and more

HONOLULU, March 5, 2019 – Collateral Analytics has developed a new automated valuation model (AVM) solution to assist lenders with monitoring commercial property values and provide access to quick, accurate and inexpensive valuations for commercial real estate.

There has been a significant improvement in the accuracy and geographical coverage of Residential AVMs in the past 10 years as new data sources and advances in modeling techniques have evolved. Many residential markets are easy to appraise based on homogeneity and frequent transactions. More heterogeneous real estate markets are…

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Real Estate and Housing Industry Trends

iBuyers: A new choice for home sellers but at what cost?

| Dr. Michael Sklarz* and Dr. Norman Miller**

Download a PDF file of this research paper here.

Introduction

iBuyers offer quicker closings for sellers who would like to avoid the uncertainty of knowing when and if their home will sell. For motivated sellers who want a predictable sale date and need to move, perhaps a long distance from the current location, there is no question that iBuyers have provided a welcome alternative to traditional brokerage. Rather than compare iBuyers to traditional brokerage, as if the market was required to offer only one choice, we welcome a plethora of choices for home buyers and sellers. A robust and…

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Real Estate Market

An Update on Softening Markets: The Case of Miami Beach

| Dr. Michael Sklarz* and Dr. Norman Miller**

Download a PDF file of this research paper here.

Introduction

Last year, we wrote a paper titled “Housing Market Softening at the Top End: Will the Bottom End Follow?”[1] In that discussion, we suggested that the high Months of Inventory Remaining (MRI) in selected markets would soon depress prices, as that is the only way to bring buyers and sellers into an equilibrium market. Among these markets we highlighted are condominiums in Miami Beach, where there is a great deal of excess inventory. What makes Miami Beach and Miami in general so interesting is that it is a…

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Real Estate Valuation

Appraisal Accuracy and Confidence Scoring

| Collateral Analytics

by Dr. Michael Sklarz and Dr. Norman Miller  |  October 30, 2017

 

Download a PDF file of this research paper here.

Introduction
Last year we wrote a Collateral Analytics Research Article titled “A New Method to Define Accuracy of Appraisals.”  We have now incorporated this methodology to produce an Appraisal Confidence Score in some of our valuation risk products.  Having worked extensively over the years with both AVMs and appraisers, we have always felt that there was significant overlap in the two valuation approaches and that the concept of a Confidence Score and High/Low Range required of…

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