Cyberhomes.com is now offering market forecasts tailored to consumers’ local markets with introductory pricing of $3.99 and $9.99.
The forecasts, based on data and analytics from parent company Lender Processing Services Inc., attempt to look one or two years into the future, taking into account inventory, valuations, credit information, loan repayment data, delinquencies and foreclosures.
In areas where the market forecasts are available, Cyberhomes.com users who search for property addresses or neighborhoods are shown a prediction of whether a market is expected to increase in value, decline in value, or remain neutral over the next year.
Consumers who want to see the data and analytics behind the prediction can purchase a summary report for $3.99. The summary report includes 12-month real estate market forecast and housing supply projections, delinquency and foreclosure trends, a 12-month value projection and summary information about the property they are interested in.
For $9.99, a more comprehensive report provides a 24-month market forecast and other information, including local foreclosure trends and timelines, mortgage delinquency and loan deterioration trends, historical median sales price vs. volume trends, neighborhood lending and sales statistics, average area credit scores, the local percentages of distressed homes compared to state and national levels, average local discounts on bank-owned properties, and risk from exotic loan types in the neighborhood.
Cyberhomes says the forecasts are available "for millions of properties and thousands of neighborhoods" in the U.S.
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