Market Reports

• Index level and year-over-year change

  The market’s current first print — home value (ZHVI), lease rate (ZORI), or rental vacancy — with the YoY move and the exact print date behind it.

• 1-, 3-, and 5-year CAGR

  Compound growth over each window, with the number of monthly prints each figure was computed from.

• Volatility

  Annualized volatility from the market’s own monthly return history — the same series the reference pricer reads.

• Peer percentile

  Where the market ranks against a named peer group (stated on the report, never implied), on level, growth, and volatility.

• Weather-delay profile

  Expected construction-delay days by month from NOAA data, so schedule risk sits next to price risk.

• Downside section

  Empirical months at or below −5% and −10% YoY, the worst 12-month change on record, modeled percentiles at the stated horizon, and what a −10% year costs on a given exposure — on ZipToken’s standard exposure and horizon. To put your own numbers in, the report links straight into scenario analysis for that market.

• Sources and print dates

  Every series with its attribution, as-of month, and first-print date — plus the honesty flags where a figure is thin or unavailable.

The Assumptions Pack (CSV) downloads from the report page itself — one row per assumption with its value, unit, source, and print date, so the numbers in your pro forma keep their provenance. The report PDF downloads from the same place and reads section for section like the page.

The market screener ranks every market we publish on year-over-year growth, 3-year CAGR, index level, and annualized volatility, and compares any market to its named peer group. Markets with no published first print are not ranked, and the screener says how many were excluded.

One email a month, when the new prints land

Save the markets you care about and we send one brief per print month — what the new first print was, the month-over-month and year-over-year moves, the change since your last brief, how the market ranks against its named peer group, and a link to the refreshed assumptions. Zillow and Apartment List publish on days 15–24 UTC and the exact day moves, so the brief fires off the ingestion itself rather than a calendar date. Four pipelines printing in the same window still produce exactly one email.

Two things in the sample are deliberate. The second market shows what happens when a figure is not computable — it renders —, never a zero and never a substituted number. And only the market that moved adversely carries a coverage line: a market that did nothing has quantified no risk, so there is nothing for coverage to answer.