The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 26, 2013
Filed:
Aug. 30, 2010
Mark Y. an, North Potomac, MD (US);
Linghua Peng, Reston, VA (US);
Hong Gao, Columbia, MD (US);
Eric L. Rosenblatt, Derwood, MD (US);
Mark Y. An, North Potomac, MD (US);
Linghua Peng, Reston, VA (US);
Hong Gao, Columbia, MD (US);
Eric L. Rosenblatt, Derwood, MD (US);
Other;
Abstract
A method and machine-readable media are provided for estimating property values. An exemplary method includes obtaining a first estimate of a property from a first property valuation database, the first estimate exhibiting price tier effect bias. The method further includes deriving a price tier effect adjustment factor based on a price tier associated with the property and purchase transaction data. The method further includes adjusting the first estimate to reduce the price tier effect bias using price tier effect adjustment factor, thereby providing a second estimate having reduced price tier effect bias.