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 products and… 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 recession is coming. “Personally, I don’t… 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…. 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 »
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 available through APIs (Application Programming Interfaces), which allow for more real-time and flexible delivery of the neighborhood data. Here’s… 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 calculation… Read More »
This is the first in a series of articles chronicling notable real estate disrupters fueled by property and neighborhood data from ATTOM Data Solutions. Zillow bought its first home in May. The online real estate giant’s plain-vanilla purchase of a four-bedroom, three-bathroom home in Chandler, Arizona, for $410,000 is bursting with symbolism for the one-time… Read More »
There has never been greater access to public record property data. More widely accessible public record property data advances two worthy objectives — increased transparency in the real estate market and a strengthened legal property system, which famed economist Hernando de Soto argued in The Mystery of Capital is the key to capitalism succeeding in… Read More »
When Martin Luther wrote his 95 theses 500 years ago, it sparked a reformation that profoundly changed how Christians interacted with their ultimate source of truth: the Bible. Rather than accessing that truth through the intermediary of the Catholic church – which often added its own layer of explanation on top of the Scriptures —… Read More »
