HouseCanary started with a business executive and a data scientist who came together with one mission: to accurately value real estate and predict where prices are going.
When Jeremy Sicklick and Chris Stroud, HouseCanary’s founders, looked at the tools available in the industry, they saw data aggregators charging exorbitant prices for incomplete bits of raw data, a lack of integrated information on properties, consumers and neighborhoods, and ineffective use of rear-view looking information among analysts to make forward-looking projections.
“We saw a need a to bring better information, analytical rigor, sophistication, and tools to the $23 trillion U.S. residential real estate market, made up of 140 million homes and 100,000+ neighborhoods,” Sicklick, now CEO, said. “We knew it would take a different kind of company to build it. That’s why we founded HouseCanary.”
HouseCanary is a technology company headquartered in San Francisco, California, that is bringing together real estate experts, Ph.D.-level data scientists and Silicon Valley developers to build a new kind of company.
HouseCanary’s mission is to build technology products that combine proprietary data and leading-edge predictive analytics to help people make better real estate decisions.
The company is indexing everything there is to know about every home, every consumer, every mortgage, and every market and neighborhood.
HouseCanary is creating mobile and web-based technologies that give people the interpretive structure and visualization needed to make informed investment and lending decisions.
“Real estate should not be guesswork,” Sicklick said. “Data, science and technology together will allow people to make better decisions in one of the U.S.’s largest industries going forward.”
THE PRODUCTS
HouseCanary’s platform powers technology products that are transforming how people work.
HouseCanary Appraiser Is a mobile and web-based app that allows appraisers and lenders to accurately, objectively and consistently value real estate and understand market risk by having all of the necessary data and analytics at their fingertips including real time MLS and Assessor data.
Using the HouseCanary Appraiser platform, the major lenders and AMCs will improve how every property is appraised and valued as part of an origination or refinance.
HouseCanary Pro is a web-based platform that allows investors to analyze local and macro components of the U.S. housing markets to develop actionable insights. The platform provides three-year home-price forecasts, probability of pricing decline and property valuation tools across all U.S. submarkets.
On the investment front, the company’s institutional clients are rebalancing their portfolios to favor markets poised
for growth and diminishing exposure to markets with heightened risks.
Several of its developer clients have repositioned communities to address shifting demographics among local homebuyers uncovered in HouseCanary Pro. All of this results in improved return on capital.
HouseCanary Analytical Feeds are APIs and data feed services that empower major institutional clients to link HouseCanary’s data and analytics directly into investment, valuation, marketing and lending processes.
Jeremy Sicklick, Founder and CEO
Jeremy Sicklick was previously a partner and managing director at The Boston Consulting Group, where he helped leading real estate investors deploy billions in capital.
In looking for ways to better predict real estate prices, Sicklick began collaborating with Chris Stroud in 2013.
Sicklick received his MBA from The Wharton School and his B.S. in Accounting from the University of Southern California with highest honors.
Chris Stroud, Founder and Chief of Research
Chris Stroud leads HouseCanary’s research team in developing valuation and predictive market analytic methods through machine learning, cloud computing and multivariate analysis. Stroud draws on his previous experience as an economist and his dissertation research in time varying financial risk models.
He is a published statistical researcher and holds B.A. and M.A. degrees in Economics from the University of California, Santa Barbara.
Stroud was a Ph.D. candidate in Applied Statistics at the University of Texas at San Antonio before co-founding HouseCanary.
HouseCanary Team
The company’s team is comprised of real estate experts, data scientists, engineers, designers and operators who are at the top of their game. Together, the team does things that seem impossible and makes a hugely positive impact through their work.
