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System and method for providing property value estimates

  • US 6,842,738 B1
  • Filed: 08/14/1998
  • Issued: 01/11/2005
  • Est. Priority Date: 10/11/1996
  • Status: Expired due to Fees
First Claim
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1. A method of preprocessing property value estimates for a group of substantially all properties in a predefined area comprising the steps, performed by a data processor, of:

  • accessing, from a database containing property data, a set of property data corresponding to each property in the group;

    determining a property price estimate for each of the properties in the group as a function of the set of corresponding property data; and

    storing each of the determined property price estimates indexed to the corresponding properties in a forecast data repository as a predetermined property price estimate for each property in the group, wherein the accessing, determining, and storing occur according to a predetermined schedule and the forecast data repository is made available for users to obtain the predetermined property price estimates.

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