SAN FRANCISCO--(EON: Enhanced Online News)--PRIMARQ, a private capital market system whose vision is to provide an improved model for housing finance, and Weiss Residential Research (WRR), which produces house specific repeat sales indexes, announced today that PRIMARQ has licensed on a non-exclusive basis WRR’s house specific home price indexes for display on its leading property trading platform www.PRIMARQ.com.
“The WRR license allows PRIMARQ to offer WRR’s industry-leading tools on our site and is a major step forward and key ingredient in the continued growth and success of PRIMARQ.”
Under terms of the agreement, PRIMARQ will provide WRR’s house specific indexes on the particular home investments made by their accredited investors. PRIMARQ’s website will also display WRR’s dynamic heat maps which show the ‘weather patterns’ of price changes through time (www.weissres.com/products/dynamic-maps/).
PRIMARQ expects the unique resolution and market insight that the WRR indexes provide to be of significant importance in helping to inform its market participants in making smarter decisions about investing and trading residential real estate interests.
“Weiss Residential Research is a true innovator in terms of house-price indexes and home-price forecasts that lead to smarter, more informed decisions by investors, homeowners and homebuyers,” said PRIMARQ CEO Steven Cinelli. “The WRR license allows PRIMARQ to offer WRR’s industry-leading tools on our site and is a major step forward and key ingredient in the continued growth and success of PRIMARQ.”
"WRR’s high resolution indexes coupled with PRIMARQ's proprietary quantitative modeling will provide our market with unprecedented fidelity of retrospective and prospective price discovery,” said PRIMARQ Managing Director, Quantitative Analysis, Hugo Delgado. “This establishes the framework for the discovery of determinants of home price appreciation in the near term, a discovery which will impact every constituent of real estate finance enormously, from the homeowner to the lenders to Fannie and Freddie."
PRIMARQ is an emerging capital market system which enables equity capital to flow into the owner-occupied real estate market. Through PRIMARQ, homebuyers will be able to supplement their down payments and homeowners access equity in their homes without additional borrowing, including for purposes of facilitating loan modifications. A financial technology company, PRIMARQ seeks to improve the structure of housing finance, for the benefit of all its constituents – homebuyers, homeowners, banks, investors and the government. For additional information on PRIMARQ, please go to www.PRIMARQ.com.
About Weiss Residential Research
Weiss Residential Research was founded to help fill the knowledge and innovation gap that lead to the great housing crash of 2007. Building on WRR’s unique research expertise, it has created nearly 45 million house specific repeat sales indexes - a 10,000 fold increase in resolution. The indexes were created using novel algorithms, Big Data techniques and by harnessing the power of massive parallel processing. WRR produces its home price analytics for RMBS traders and whole loan and property investors. For additional information on Weiss Residential Research, please go to www.weissres.com.