2017 HW Tech100 Winner: HouseCanary
Price indices built on machine-learning algorithms yield highly accurate forecasts
LENDING, INVESTMENTS, REAL ESTATE
HouseCanary indexes comprehensive data from hundreds of local-market, macroeconomic and consumer data points going back 40+ years and provides insights for all 381 Metropolitan Statistical Areas.
The company’s predictive algorithms calculate the most accurate home values today and up to 36 months into the future. The price indices HouseCanary builds are not subject to the three-to-five-month lag present in other traditional home price indices and forecasts are built upon modern machine learning-based algorithms.
These algorithms extract signal and capture high-level interactions among thousands of inputs, yielding highly accurate forecasts, and as of Dec. 2016, 15.4% more accurate than leading competitors.