Daily Home Price Flash provides a report of daily home prices, sales and other housing metrics for single-family residential real-estate transactions in nearly all states and more than 200 top U.S. metros. With this solution, you can view the most current home-price movements to help make more informed business decisions. In addition to providing near real-time data on home prices and sales, Daily Home Price Flash provides daily data on several market indicators, including the number of new listings, number of off-market listings and the median time it takes to sell a property. Daily Home Price Flash provides near real-time data to help you better predict home-price changes and estimate the timing for changes in the market. Other housing price reports, such as home price indexes (HPIs), are released monthly or quarterly. In addition, typical home price indices are “noisy” – meaning much of the data cannot be understood or interpreted correctly by machines. To normalize this, our platform uses daily local MLS data and the median sold price per square foot of living area as the basic home-price metric. Daily Home Price Flash is available in the Rapid Analytics Platform (RAP), ICE’s cloud-based enterprise data and analytics solution. RAP transforms the way companies leverage data and enables decision-science strategies in their workflow. Designed for real-time, high-speed processing, RAP allows you to perform advanced analytics with instant access to ICE data, and seamlessly join your own and third-party data.

Features:

• Comprehensive housing metrics: Provides housing metrics for single-family residential transactions in nearly all states and more than 200 top U.S. metros.
• Better data, better decisions: Consists of the most current data available to support more informed decision-making.
• Deep housing metric insights: Uses the median sold price per square foot of living area as the basic home-price metric.
• Price and market predictions: Helps predict home price changes, and estimates the timing for market changes.