Clear Capital launched the availability of its home price data to more than 310,000 subscribers of the Bloomberg Professional service, a software platform delivering data, news and analytics to global business and financial professionals on Friday.
The Clear Capital Home Data Index will eliminate the lag associated with monthly or quarterly reports.
The index also gives equal weight to real estate-owned sales and lower-priced homes, as a way to provide a more holistic view of the market.
"Our entire business is about measuring and understanding housing markets. Our data is the foundation of our collateral valuations. We’ve always been proud of the fact our data reports on price trends before other industry indices and that it evaluates price trends at a much deeper level," said Alex Villacorta, director of research and analytics at Clear Capital.
He added, "The availability of our index on Bloomberg allows us to share our wealth of housing data with more colleagues in the mortgage and lending industries."
The Bloomberg Professional service will stream Clear Capital’s Home Data Index for 30 select metropolitan statistical areas, four US regional series and U.S. national series.
"We believe the timeliness and depth of our data will have a positive impact on the industry," said Villacorta.
He added, "For our customers, the ability to use the up-to-date information is crucial for smart investments."
In addition to the 30 select MSAs, Clear Capital will offer premier annual subscriptions for access to data on more than 10,000 zip codes nationally.
"By offering a zip-code-level index set, we offer the granularity needed due to wide variation in home prices and characteristics within markets," said Villacorta.
He added, "Providing Clear Capital data in conjunction with the robust data, news, and analytics offered via the Bloomberg Professional service will enable investors to make timely and better informed investment decisions."