The Index, which Zillow says is a first-of-its kind on the market, displays a proprietary median estimate valuation for more than 100 million homes nationwide and is designed to measure the true market value of all homes, not just those currently listed or recently sold.
"At Zillow, we have always prided ourselves with giving everyone from consumers to economists an extremely accurate picture of home values on an incredibly granular level," said Zillow Chief Economist Stan Humphries. "No other housing index can match the footprint and depth of the Zillow Home Value Index. We're very happy to have a new way to distribute the ZHVI and are thrilled to be working with Bloomberg to make it more broadly available."
In addition to the ZHVI, Zillow calculates numerable metrics on the housing market, from the property-level Zestimate® home valuations, to the Zillow Rent Index, to negative equity calculated down to the ZIP code level. Zillow also calculates custom data for media, academics and economists. To see more of Zillow's housing market data, including the ZHVI displayed down to the ZIP code level for more than 350 metro areas across the country and data on home location, home features and recent nearby sales, visit the Zillow Research page or email [email protected]
Source: Zillow, Inc.
Edited by Gordana Davila