Local Real Estate Market and Growth Maps is critical new real estate growth data and real estate technology. But how to communicate this mass amount of local growth data is the KEY question. Property data is not local growth data, and if anyone thinks that reading every report on Block Groups (over 209,000 local markets) is the answer, well, let’s talk after you have read all these local real estate growth market reports. You get the point… I hope. Just in case, you will also need to read the 67,000 Census Tract, and over 41,000 Zip Code reports, remember the growth data, and be able to compare these 300,000 in second…you the super computer…..
So what is needed? The Local Real Estate Market Trends and Real-Time Rendering: In an ideal world, we would have a mapping tool that renders user defined gradient maps on the fly. On the cloud and on any and all mobile devices.
Previously, it was all but impossible to produce such maps due to computing limitations and a lack of new and current real estate technology and software.
No Real Estate Market Analysis or Real Estate Market Research firm comes close as of this date. And no service to date utilizes a vast database filled with the relevant, current and reliable information necessary to create such a local real estate market map. Although the full technology of the Growth Maps mapping technology is still not 100% developed, our patent pending technology is getting a lot closer to delivering local real estate market data information, and local growth data.
Just Real Estate Market Value or a national Real Estate Market Forecast does not really help investors.
Real-time, class-based (based on user criteria) dynamic rendered maps are the future of real estate. It is similar to the advent of color television. Who wanted to go back to viewing things in black and white when color provided so much more detail, context and information? Clearly, the answer was no one.
At the risk of being redundant, the fact remains that we buy property at the block level, so what use is any mapping interface that doesn’t display results or zoom down to this level? Remember, no matter how the map may appear, it is only as useful as the information it represents. Maps displaying information at the macro level do not help individuals make individual decisions.
While we may not realistically require maps to be updated daily or even monthly updates would be a must to keep them current and relevant. Based upon what is locally growing or declining – key local real estate growth data.
But what about user-defined gradient maps? Is there any way to make them more relevant and useful to users? In fact, there is. If the dynamically rendered maps came with accompanying charts that complemented maps with current trend data, then users could gain better insight and make more informed decisions, based upon current real estate growth data.
The United States Real Estate Market is dynamic, and no macro
Housing Market analysis is currently focused on the local. Imagine that you not only had the current vacancy rates, but could also see how much these rates had changed in the past quarter. While you may find an area that currently has low vacancy rates, what if the trend for the past five months (5-months) was increasing vacancy rates? Would that area look as attractive for the investor given the trend data?
Clearly not. With a better local real estate market growth data, the investment in real estate, is a click away.
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