iMVI is a micro-resolution house price index that provides a granular view of neighborhood market conditions analyzing to the individual house and its unique neighborhood for current, accurate and verifiable data related to conditions that affect value. The iMVI reports quarterly change in median price per square foot sales price, based upon actual recorded sales within a neighborhood. The report provides two years of trend data; six historical quarters, one current and one future quarter forecast.
A complete view of collateral risk.
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Unlike any other housing index, the iMVI is based upon the entire population of arm's length sales, separated by transaction type, to establish unique indexes by property type. Neighborhood segments are composed of demographically, economically, and socially similar micro-geographies with similar housing characteristics, located nearby one another and within the same county. Multiple, distinct indexes are created based upon property type (e.g., detached single family residence, condo, etc.). The iMVI includes non-conforming and conventional sales and excludes refinancing mortgages capturing slower market adjustments.