LPS unveils new home-price index

Index offers historical price trends down to ZIP code level

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The applied analytics arm of loan data aggregator Lender Processing Services Inc. has launched its own home-price index, LPS announced Thursday.

The data underlying the index comes from two property and mortgage asset databases owned by LPS: SiteX Real Estate and McDash Loan Data. Combined, the databases cover about 75 percent of properties nationwide and more than 13,000 ZIP codes.