Product Enhancement

Home Value Explorer now features a new enhancement called forecast standard deviation (FSD). FSD is a statistically derived value that measures the accuracy of the HVE estimate that is represented in decimal form (i.e., .07). FSD represents the probability that the HVE^® value falls within a statistical range of the actual market value, measured against a sales price. FSD is the underlying basis of the existing HVE confidence score represented as High, Medium and Low). You will still receive the High, Medium and Low confidence scores.

The following is an example of FSD:

• An HVE estimate for a given property is $100,000.
• The FSD for this estimate is .07.
• There is approximately a 68% probability (one standard deviation) that an arms length sales transaction of this property will fall between +/-7% ($93,000 and $107,000).

FSD is a free, optional field currently available to all HVE customers and allows you:

• Develop full statistically integrated collateral and credit policies
• Have a better understanding of the predictability and reliability of the confidence score
• Determine your own internal confidence bands.

Start using FSD today! Just login and create a report! For information on how to use the new features take a quick Home Value Explorer Tour or call 1-888-604-DATA (3282).