Altos unveils real estate price prediction tool

Platform estimates property values up to 1 year in advance

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Real estate data company Altos Research has created an analytics-based valuation platform that forecasts home value changes three, six, or 12 months in advance, according to the company. The AltosEvaluate Forward Valuation Modeling (FVM) platform will formally launch Monday at the American Securitization Forum 2011 in Orlando, Fla.

The platform takes into account real-time local market conditions to predict future property values.

"Although traditional valuations have been based on lagging transaction prices, the active market of properties is a key indicator for where property values are heading," the company said in a product brochure.