Whether it’s finding out what homes are selling for, characteristics of a specific property or what the neighborhood has to offer, data matters. Nothing is probably more important in the real estate industry than having the right data to help drive company decision-making. With so much data available it can be hard to decipher the good from the bad and what each has to offer.
Fortunately, ATTOM Data Solutions is truly a one-stop shop that offers a wide range of reliable data that the industry has grown to depend on. While most firms only cover bits and pieces of the data puzzle, ATTOM puts those pieces together to create an unprecedented amount of information that is transforming the future of property data. A recent study by Deloitte said in the world of real estate, a growing number of deals rely on data analysis.
Gone are the days of depending on intuition to predict opportunities and risks. Our clients are most empowered when they have the tools that give them data on everything from sales records to the scoop on specific neighborhoods. This allows all stakeholders, including buyers, appraisers, insurers and investors to feel confident in their decisions.
ATTOM’s property data consists of a robust collection of information on more than 155 million properties across the country. With this data handy there’s no need to guess on the square footage, lot size or construction materials. The data can help to determine market value and clarify any questions or concerns surrounding a property.
In addition to property and community characteristics, tax and foreclosure records, ownership information, loan and sales history data are just a few of the other data points included under our expansive collection. For example, ATTOM’s foreclosure data traces a property during all stages of the foreclosure process.
Never underestimate the importance of location. ATTOM has neighborhood data covering more than 500 metropolitan areas. Understanding the demographics of a particular community speaks volumes in terms of not being caught off guard by real estate fluctuations. In addition to common most wanted data points such as schools, ATTOM helps you discover neighborhood attractions and commercial development as well as any potential environmental hazard risks.
Another realm of data is based on multi-sourced real estate analytics and calculations. An automated valuation model offers clients home value estimates. Multiple valuation models combine with a cascading model selection algorithm to help chose the most accurate valuation based on where the property is located.
Having access to regularly updated sales trend data offers another competitive advantage to both realtors and investors. ATTOM’s sales trend data highlights the last two years of home sales transactions. This data can be sorted by all boundary types in weekly, monthly, quarterly and yearly increments.
Identifying trends as soon as possible often translates to more confident, income producing business decisions. ATTOM is constantly updating and enhancing our warehouse of data to make sure we leave no stone unturned when it comes to predictive analytics.