US Patent Issued to CoreLogic Solutions on Sept. 22 for "Computer processes for clustering properties into neighborhoods and generating neighborhood-specific models" (California, Massachusetts, Pennsylvania Inventors)

ALEXANDRIA, Va., Sept. 24 -- United States Patent no. 12,743,487, issued on Sept. 22, was assigned to CoreLogic Solutions LLC (Irvine, Calif.).

"Computer processes for clustering properties into neighborhoods and generating neighborhood-specific models" was invented by Wei Geng (San Diego), Duncan Chen (Pacific Palisades, Calif.), Bin He (Philadelphia), Jon Wierks (Irvine, Calif.), David Stiff (Cambridge, Mass.) and Howard Botts (Santa Monica, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer system and associated processes are disclosed for grouping similar real estate properties into contiguous neighborhoods, and for generating neighborhood-specific models capable of estimating property valu...