***This article was originally written in 2022, but has been updated for 2024 to reflect new solution providers*** The growth in the PropTech industry, short for “property technology,” is nowhere better demonstrated than by the growth in application programming interfaces (APIs). These interfaces serve real estate professionals, marketers,... Read More »
***This article was originally written in 2018, but has been updated for 2023 to reflect new solution providers*** Neighborhood data has long been available in database spreadsheet format — often called flat files — through public sources such as the U.S. Census-run American Community Survey. Only in recent years has this crucial data become... Read More »
Imagine knowing that someone is thinking about selling their house even before they’ve talked it over with their family. If you’re a real estate agent, that knowledge could be priceless. The power of artificial intelligence today means that companies can use predictive analytics to help people in a variety of industries make forward-thinking... Read More »
The real estate settlement services industry is not well-positioned to weather a recession, according Patrick Stone, executive chairman and founder of the Williston Financial Group, a company that operates several businesses in the title insurance and real estate settlement industry. That’s a critical oversight because Stone firmly believes a... Read More »
Southern California real estate investor, author and trainer Bruce Norris relies on data to drive his real estate investing strategy. That means his strategy in preparing for the next recession — which he believes is coming in late 2019 or early 2020 — looks much different than his strategy leading up to the last recession. Norris, who predicted... Read More »
Longtime real estate brokerage Long & Foster has plenty of experience in weathering previous recessions, giving it confidence when it comes to dealing with the ups and downs of the housing market, according to CEO and president Jeff Detwiler. “Having been in business since 1968, we have lived through other downturns, and we have learned to... Read More »
In real estate, property AVM (Automated Valuation Model) is used to estimate a property value typically during the underwriting process when appraisals are needed. AVMs are also used on websites to provide property estimates for potential sellers, which in turn, become valuable leads. Whatever your reason for using AVMs, many factors go into the... Read More »