The Clear Capital Home Data Index (HDI) is now accessible to Bloomberg’s subscribers by typing CLCA . This index calculates trends in home price data at any given time, eliminating the lag associated with monthly or quarterly reports. The agreement pairs best-in-class data providers to help mortgage market participants make better decisions on collateral valuations. The Bloomberg Professional service will stream Clear Capital’s Home Data Index, two-year forecast, and real estate-owned (REO) saturation rate for 30 select metropolitan statistical areas (MSA), four US regional series, and US national series at no additional cost to subscribers. This will give subscribers the ability to search, chart, and analyze Clear Capital’s proprietary home data alongside other relevant datasets available via Bloomberg’s platform.
“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. 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,” said Alex Villacorta, director of research and analytics at Clear Capital.
“We believe the timeliness and depth of our data will have a positive impact on the industry,” said Villacorta, adding “For our customers, the ability to use the up-to-date information is crucial for smart investments. Our index relies on a patent pending, rolling quarter methodology, which means we can report on trends with virtually no lag time and earlier than nearly any other data provider.”
“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. “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.”
The Clear Capital index gives equal weight to REO sales and lower-priced homes versus other indices that give more importance to expensive homes. By recognizing the importance REOs have on the market, Clear Capital’s approach of equal weighting is designed to provide a more holistic view of the market.