Industry NewsTechnology

Cyberhomes selling market forecasts

Reports try to predict where home values are headed

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel 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, 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 mo...