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Awards

2020 HW Tech100 Mortgage Winner: HouseCanary

Technology evaluates more than 500 variables for accurate valuation

With HouseCanary, homebuyers can search, start pre-approvals and transact on 100 million homes, while sellers can estimate potential sales price within 2.5% accuracy. ComeHome by HouseCanary creates an accurate home value because HouseCanary values more than 100 million U.S. homes with a median error of 2.5%. Its technology evaluates more than 500 variables, including view angles, privacy, elevation, lot slope and street noise, and its machine learning recognizes home interior images to value room type, condition and materials, down to countertops and fixtures.

  • HouseCanary’s AVM is one of five AVMs that Fitch has approved for RMBS securitization
  • 98% of all transacted properties valued by HouseCanary fall within Fitch Ratings’ 80% confidence threshold
  • More than half of HouseCanary’s home values merit Fitch’s smallest discount, 2.5%

www.housecanary.com

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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]