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2017 HW Tech100 Winner: HouseCanary

Price indices built on machine-learning algorithms yield highly accurate forecasts

Tech100 2

HouseCanary

 

LENDING, INVESTMENTS, REAL ESTATE

HouseCanary indexes comprehensive data from hundreds of local-market, macroeconomic and consumer data points going back 40+ years and provides insights for all 381 Metropolitan Statistical Areas.

The company’s predictive algorithms calculate the most accurate home values today and up to 36 months into the future. The price indices HouseCanary builds are not subject to the three-to-five-month lag present in other traditional home price indices and forecasts are built upon modern machine learning-based algorithms.

These algorithms extract signal and capture high-level interactions among thousands of inputs, yielding highly accurate forecasts, and as of Dec. 2016, 15.4% more accurate than leading competitors.

housecanary.com

Most Popular Articles

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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