My students all run an algorithm on their market.  

I run an algorithm on a market by compiling the following.number of home purchased for cash by absentee ownersnumber of units per zip codenumber of NODsnumber of REOsAverage days on marketmedian sales pricenumber of units under median with 30% equity or greaterbottom 1/3rd ,middle 1/3rd and top 1/3rdI weigh each answer differently and the same then lay  the answers on top of one another and it becomes clear where to buy..

Everyone would compete on the same scale, making it more fair and creating an environment where everyone has a shot to be a leader.Ultimately, the final algorithm would reflect those factors that matter, and someone who has been around for 3 months and someone on site for 5 years could have the same level of expertise in a fairer scoring model.

@Michael Greenberg I have played with this for a few years and after an exhaustive amount of analysis, and creating my own algorithms and scenarios, it throughly depends on which days and seasonality.

If you're not familiar with them, they use their algorithms to determine your best price and charge 1% of booking charges via whatever platforms you connect them with. iow, you manage the listing, they set the price.There are Evolve people here on BP.

I dont know if their algorithm is accurate or not, but works regardless for me.  

Google decided to change its PPC algorithm, and my leads began to dry up.

The top three contributors to any particular forum make the list, and the score is calculated by some top secret algorithm.

Foreclosure scenario is a secret algorithm that takes anticipated sales price after foreclosure (based on short sale department ordered appraisal) less holding costs, foreclosure expenses and sales costs, discounted to present value.  

The insurance companies have algorithms that calculate how much of your property value is due to improvements and they issue policies accordingly.