Home Equity Data
Market Value. Loan Balance. Critical Insight.
Gaining a True Understanding of a Home’s Value
Simply put, a home’s equity is the difference between its current market value and the remaining debt owed on its mortgage. While it’s a simple calculation to make, keeping track of home equity for assessing the value on a portfolio of homes or for gaining critical insight into a local market, isn’t quite as easy. That’s where ATTOM Data Solutions comes in. With nationwide coverage for over 430 million loan transactions and a proprietary lender-grade AVM, ATTOM Data Solutions is able to calculate home equity for millions of properties nationwide.
How ATTOM Derives Home Equity Data
Equity in a home can increase or decrease over time depending on market forces that influence a home’s value and the rate at which a homeowner pays off the mortgage. To estimate a home’s current mortgage balance, ATTOM Data Solutions developed a loan model that enables the amortization of loans to give a more accurate home equity balance. ATTOM collects all active loans on a property, then creates an amortization schedule based on term and rates of the loan balance to get a true loan value. From there, we use our lender grade AVM to give us a more accurate estimated value on a home in today’s current market. Once that is complete, we compare a property’s AVM value to the estimated remaining balance to accurately estimate the equity of a specific property.
Home Equity Breakdown
How You Can Use ATTOM’s Home Equity Data
Create robust reports that allow for detailed insight on market valuations to help uncover equity trends.
Real Estate Investing
Layer home equity data with other valuable data sets to uncover housing market trends and make sure your money is working for you.
Identify homes with positive or negative equity for marketing purposes.