Why use our Home Price Index?
Financial institutions, research organizations, policy makers and other housing stakeholders across the U.S. rely on our HPI to inform many of their critical business decisions by leveraging highly accurate and granular data that is updated frequently.
Intra-month data release
Unlike many solutions on the market, ICE’s HPI releases data twice a month - first with an “early look” that provides insights into home price trends from the first few weeks of that month; followed by a second data release summarizing final same-month data.
Reliable, current data
As a leader in collecting data directly from the source, we’re able to apply stringent quality-control measures to provide you with reliable, objective and current information.
Easy access, quick delivery
Various delivery options are available to best suit your needs, including FTP, Rapid Analytics Platform® (RAP®) and the AFT Prepayment and Credit Model.
Representation of discounted properties
Separate price series for REOs and short sales provide an accurate view of the market including discount factors for short sales for each geography and price tier, as well as helps to ensure price estimates for non-distressed prices are not skewed by distressed-sale prices.
Forward-looking analysis
HPI Projection Scenarios support forward-looking analysis, such as portfolio stress testing and the analysis of tail risk on a portfolio, with seasonally adjusted prices.
Advanced model and analytic methods
The algorithms underpinning our HPI is further enriched with sales information included in MLS data, plus daily mortgage loan-level information from ICE’s servicer-contributed database.
Detailed and granular data coverage
HPI offers five price tiers, six property-type classes and more than 26,000 ZIP codes.
Flexible options
Updates to support your business needs: HPI updates bi-monthly, HPI-adjusted property values or loan-level current combined LTV from the McDash® property module.
About Home Price Index
Supports numerous applications
- Portfolio management
- Comprehensive, objective view of market equity
- Coverage of states where transaction pricing is not publicly available (e.g., Texas, New Mexico)
- Housing-market surveillance
- Support regulatory requirements, such as CCAR and DFAST
- Prepay and credit model development
- Develop home-price forecasts
- Predictable behavior across geographies and over time
- Reflection of borrower reaction to real-world conditions
An HPI with unmatched granularity
- Proprietary loan data
- Data on all property types including single family, multifamily, condo, co-op, mobile home, etc.
- Covers 10 geographic tiers, including both 3-digit and 5-digit ZIP codes, and city tiers
- Over 26,000 ZIP codes
- All geographies broken down into five price tiers ((10th, 30th, 50th, 70th and 90th percentiles)
Comprehensive data inputs
Our HPI uses repeat sales data from our comprehensive public records information and leverages servicer-contributed loan-level data from industry leaders.
Accurate pricing and loss estimation
Unlike most traditional home price indices, our analysis includes a separate price series for REO and short sales. This enables us to evaluate the effect of those sales on home prices and provide you with reliable data.