Fiserv is making two significant changes to its Case-Shiller Home Price Index, which is widely followed for up-to-date home pricing trends in more than 375 metro areas in the U.S.
First off, Fiserv is incorporating Moody’s Economy.com home price forecasts to create what it states is the industry’s first automated valuation model with predictive tools. The “enhanced forecasting capability combines the historical data provided by Fiserv Case-Shiller Home Price Indexes with Moody’s Economy.com’s industry-leading U.S. macroeconomic and regional economic models,” according to Fiserv.
In addition, Fiserv will begin producing quarterly bulletins that will track home pricing trends. Fiserv’s Case-Shiller Index, which includes the Standard & Poor’s/Case-Schiller set, has heretofore been primarily used by mortgage lenders, securities issuers, insurers and rating agencies to track trends and determine home-price risk. These consumer-oriented bulletins will be issued the first Tuesday of each quarter, beginning next week.