New Home Price Gauge Introduced

A company called IAS, or Integrated Asset Services, is coming out with a new home price gauge that measure the mean residential prices street by street. The iMVI, or Intelligent Market Volatility Index, will supposedly allow mortgage bankers to have a better analysis of their residential holdings. Rather than a larger picture, they can now hone in on particular neighborhoods and streets.

The idea should help homogenize, at least a little bit, the prices in a neighborhood and the risk-mitigation practices of the mortgage banking industry. The index weighs 15,000 homogenous geographical segments and 400 unique features affecting property values.

I had a similar idea for this type of analysis a while back, and now it seems to be coming to fruition–only it’s someone else who is riding the wave. Kills me.