Invention Grant
- Patent Title: Multiple transaction property valuation
- Patent Title (中): 多项交易物业估值
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Application No.: US12926289Application Date: 2010-11-08
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Publication No.: US08214275B1Publication Date: 2012-07-03
- Inventor: Mark Y. An , Andre H. Gao
- Applicant: Mark Y. An , Andre H. Gao
- Applicant Address: US DC Washington
- Assignee: Fannie Mae
- Current Assignee: Fannie Mae
- Current Assignee Address: US DC Washington
- Agency: Rader, Fishman & Grauer PLLC
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Property valuation that uses multiple transactions in predicting a value for a property. Instead of choosing only one prior transaction, valuation uses multiple transactions for a given property to provide a more accurate mark-to-market value. Preferably, a weighted combination of mark-to-market values provided by an HPI and individual ones of the multiple transaction records provide a predicted value for the given property. Weighting factors recency and transaction type to correct for both sources of potential inaccuracy.
Information query