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How is the Market Velocity Index used to compare the mortgage lending differences between markets?

April 26, 2017compare differences index lending market Markets mortgage Used velocity

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How is the Market Velocity Index used to compare the mortgage lending differences between markets?

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The Market Velocity Index compares the speed of growth of mortgage lending opportunities over future years per 10,000 households within any size of market you want to define. Since the MVI is an index (compared to a base speed value for the entire U.S. = 1.0), it gives you the ability to compare the relative differences in speed between any sets of markets without being concerned about the size of the markets in total households.