Housing Grades LLC
Effective Date: April 1, 2026
PLEASE READ THIS DISCLAIMER CAREFULLY BEFORE USING THE HOUSING GRADES SERVICE.
Housing Grades LLC ("Housing Grades," "we," "us") provides the Housing Grades platform as a quantitative real estate market research tool. All content, data, scores, ratings, rankings, analysis, and other information available through the Service (collectively, "Research") is provided for informational and educational purposes only.
The Research does not constitute and should not be construed as financial advice, investment advice, trading advice, real estate advice, legal advice, tax advice, or any other type of professional advice. Housing Grades LLC is not a registered investment adviser under the Investment Advisers Act of 1940 or any state securities law. We are not a licensed real estate broker, mortgage broker, financial planner, or attorney. Nothing in the Service creates a fiduciary relationship between Housing Grades LLC and any user.
The conviction tiers, scores, rankings, and analysis provided through the Service — including but not limited to "High Conviction," "Watch," "Neutral," and "Low Conviction" designations — are quantitative research outputs generated by an automated rules-based model. They are not recommendations to purchase, sell, hold, rent, or avoid any specific property, real estate investment trust, real estate-related security, or any other investment or financial instrument.
A "High Conviction" designation for a ZIP code or metropolitan area does not mean that Housing Grades recommends investing in that market. It means that the ZIP code or market scored in the top percentile of our quantitative model based on the specific signals described in our methodology documentation. Whether any particular market is appropriate for your investment goals depends on your individual financial situation, risk tolerance, investment objectives, liquidity needs, tax circumstances, and other factors that our model does not and cannot assess.
Any backtested results, historical signal performance data, or track record information presented in the Service reflects the results of a model applied to historical data. Past model performance does not guarantee future results. Backtested results are inherently subject to look-ahead bias and overfitting risks. Real-world investment outcomes may differ materially from model outputs.
The Research is generated using publicly available data from third-party sources including Redfin, HUD, the Federal Reserve, the U.S. Census Bureau, and others. We make reasonable efforts to ensure data accuracy, but we cannot guarantee that third-party data is complete, current, or free from errors. Data delays, reporting gaps, geographic mismatches, and other data quality issues may affect model outputs.
Our scoring model incorporates assumptions, weights, and thresholds that reflect our analytical judgment as of the model's development date. These assumptions may not hold in all market conditions. In particular:
All real estate investment involves substantial risk. You may lose some or all of your invested capital. Real estate markets are subject to significant volatility driven by factors including but not limited to changes in interest rates, local employment conditions, population migration, zoning and regulatory changes, natural disasters, environmental conditions, and broader macroeconomic cycles. None of these factors are fully captured by any quantitative model, including ours.
Before making any real estate investment decision, you should consult with qualified professionals including a licensed real estate broker or agent familiar with the specific market, a financial advisor who understands your complete financial situation, a tax professional regarding the tax implications of real estate investment, and an attorney regarding any legal considerations.
Housing Grades LLC has not evaluated whether the Service constitutes investment advice subject to registration requirements under the Investment Advisers Act of 1940 or any state securities law. If you believe our Service may constitute investment advice applicable to your situation, please consult a securities attorney before subscribing.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, HOUSING GRADES LLC SHALL NOT BE LIABLE FOR ANY INVESTMENT LOSSES, LOST PROFITS, OR OTHER DAMAGES ARISING FROM YOUR RELIANCE ON THE RESEARCH PROVIDED THROUGH THE SERVICE. YOUR USE OF THE SERVICE AND RELIANCE ON ANY RESEARCH IS ENTIRELY AT YOUR OWN RISK.
We may update this disclaimer from time to time to reflect changes in our Service or applicable law. Material changes will be communicated to subscribers by email.
For questions about this disclaimer, contact us at:
Housing Grades LLC
Email: legal@housinggrades.com