The new Housing Market Index was unveiled today by U.S. News & World Report, the leading source of rankings and consumer advice worldwide. The new tool makes use of IBM Watson® Natural Language Understanding and EnergyLogic’s recently acquired Housing Tides Index to help U.S. News easily interpret and synthesise massive amounts of housing data.

This new index is released as worries about interest rates’ present and future trends, as well as homeownership in general, are growing in response to the housing market crisis. Users can find customised data results for various regions and time periods thanks to the platform’s computing power, which enables them to make wise housing decisions.

According to U.S. News Real Estate Director Matt Bray, “Our platform features an incredibly intuitive interface that simplifies housing market insights.” “To provide a thorough market score, we take into account housing demand signals, housing supply data, and key financial indicators. Our new index puts an aggregated view of the top U.S. markets at your fingertips, as well as the ability to analyse single-family or multi-family markets in a specific metropolitan area.

The platform’s robust sentiment analysis feature, which interprets the sentiment of 500 housing-related media pieces each month, is also highly praised by U.S. News experts.

Source: Prnewswire