Collateral Analytics [1], a provider of comprehensive automated valuation solutions and real estate analytic products for the financial services industry, has launched CA Value Forecast AVM.
The new product incorporates the Collateral Analytics proprietary Home Price Forecast Models with its CA Value AVM.
"While the focus of real estate valuation has always been on current values, we have always felt that future collateral values should be of equal to if not greater interest to lenders, mortgage servicers, mortgage insurance companies, homebuyers, and investors, to name a few," said Michael Sklarz, President and CEO of Collateral Analytics.
CA Home Price Forecasts are available for approximately 400 metros and 10,000 ZIP codes around the U.S. Forecasts are updated monthly as new economic and real estate market data becomes available.
"The CA Value Forecast AVM provides predicted values for an individual home out to five years," Sklarz said. "This will address the shorter and intermediate term forecast horizons of most users and give them additional tools to help make better business and/or investment decisions."