System and method for providing an estimate of property value growth based on a repeat sales house price index

US10628839B1 · kind B1 · utility

Assignee

• Federal Home Loan Mortgage Corporation (“FREDDIE MAC”) · US

Inventors

• Stefan Krieger · Oakton, US
• J. Douglas Gordon · Arlington, US
• Yang Wang · Nanhu, CN
• Shaojie Chen · Austin, US
• Ming Xiong · Wuxi, CN

Key dates

• Filing date: May 15, 2013
• Grant date: Apr 21, 2020
• Expiry date: May 15, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/16
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model using a regularized estimator. In one exemplary embodiment, a computer-implemented method calculates data for estimating the adjustments from an aggregated level to a first disaggregated level by marking a first transaction to a second transaction using a repeat sales house price index function at the aggregated level. The method also determines, using the calculated data, a regularized estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at the first disaggregated level. The method further calculates the repeat sales house price index at the first disaggregated level based on the determined regularized estimate of the deviation from the aggregated level.