My Website Provides a Free Check of yours or any homes value.  A brief description of how that value is determined is explained here;

What does "CMHPI" mean?

The acronym "CMHPI" stands for Conventional Mortgage Home Price Index. The computation of the index is based on mortgages that were purchased or securitized by Freddie Mac or Fannie Mae since January 1975. These mortgages are "conventional" in their financing: they are not insured or guaranteed by any federal government agency such as the Federal Housing Administration or Veterans Administration. Although not specified in the name, the index is based on mortgages for single unit residential houses only; it does not reflect condominiums, multi-family or commercial properties. Finally, the mortgages are "conforming": at the time of purchase they met Freddie Mac or Fannie Mae underwriting standards, and they did not exceed the allowable loan limit set for the two companies. The conforming loan limit is revised each year based on a Federal Housing Finance Board survey. The 2007 loan limit is $417,000 except for mortgages originated in Alaska, Hawaii, Guam and the US Virgin Islands, where it is $625,500. Home loans above this dollar limit are called "jumbos"; the CMHPI does not reflect such homes. 

How does the CMHPI work?

The CMHPI uses a statistical method based entirely on "repeat transactions". Any time a house's value is observed twice over time (via either a sale or an appraisal), the change in the price contributes one observation of house price growth over that time period. The index is defined to be the statistically determined set of values that most closely fits many such repeated observations. Mathematically, this is equivalent to taking complicated weighted averages of all the observations of house price growth.

Please visit our website at www.lowratesonline.net and click the button marked "Check Home Values" from our menu in the left hand column.  Your Free Report will be emailed right away!

If there are any specific topics you'd like to know more about, please let me know.