US 2008/0189198 A1 · Means and methods to combine various U.S. real estate price reports to create one continuous index from the present to 1830

Abstract

A continuous index of new home prices from the present to 1830 is created by performing a series of calculations upon the real estate price reports of the Census Bureau, Bureau of Labor and Statistics, Long, Gottlieb and Riggleman. A yearly or monthly reverse percentage change in new home prices is found by considering the price data of a future time period and earlier time period. Calculations generated from a more recent or subsequent price report are used to seed calculations for analysis of an older or preceding price report. In order to combine price reports with differing metrics and scales, the disclosed system works backwards in time and uses methods tailored to characteristics of each price report.

Claims12

Dependent claims

A method of combining price reports of differing scales to create a index comprising the steps of:

a) adding the median home price and average home price and dividing by two;
b) where no average home price is available, calculating an estimated average (EA) home price to replace the average home price value used in step a;
and
c) where no average home price is available, calculating an EA by multiplying the Next Period EA (“NPEA”) by the current Median Reverse Percentage Change (MR % C) and adding the NPEA, wherein the MR % C is the current median new home price minus the Next Period Median new home price (“NPM”) divided by the NPM;
d) using an average home price value from step a as a NPEA in step c.

2 more elements

Dependencies are inferred from the claim text.

Means and methods to combine various U.S. real estate price reports to create one continuous index from the present to 1830

Life of this patent

Means and methods to combine various U.S. real estate price reports to create one continuous index from the present to 1830

Life of this patent

Abstract

Claims12