Tulsa, Oklahoma-based ""Williams & Williams Worldwide Real Estate Auction"":http://www.williamsauction.com announced the launch of a new proprietary index last week that tracks actual results derived from the company's monthly auction performance data.[IMAGE]
Williams & Williams says the combination of this tracking system and the company's own pricing models for residential and commercial real estate allow it to provide clients with a 30- to 90-day advanced view of real estate market performance at the ZIP code, metropolitan[COLUMN_BREAK]
statistical area (MSA), state, and national levels. Williams & Williams explained that its single-family residential model, for example, pinpoints high bid performance on a portfolio basis within a +/- 2.5 percent accuracy range.
Williams & Williams conducts live auctions in an average of 46 states every month. The company says the breadth of its business offers an unparalleled collection of data reflective of real market trends in real time.
""Through Williams Merchant Group, a wholly-owned capital market subsidiary of Williams & Williams, we have the power to underwrite bulk pools or contractual flows of REO assets and exercise a multi-pronged disposition strategy to optimize value with a focus on liquidity, stewardship and return on investment,"" said Fontana Fitzwilson, SVP for the merchant group subsidiary.
Fitzwilson went on the explain, ""The Williams & Williams Auction Index allows us to track accurate views of the marketplace 30 to 90 days ahead of both major market real estate indices and our own auctions. This gives us a unique and actionable view into market performance.""
The Williams & Williams Auction Index is available to partners and clients in order to manage the anticipated equity gain or loss of their real estate.