Real estate technology is changing with Growth Maps unique local and growth data that only we deliver. What unique local real estate technology and information does Growth Maps deliver?
Growth Maps delivers unique information.
There are many vendors that offer 10-year and yearly demographics. The Census Bureau has 10-year data that is available from their website. Most online vendors just sell yearly demographics at a lump price, ranging from $500 to over $55,000 per year, or hundreds of dollars for just a single report of old yearly data, and with little local real estate information.
Growth Maps and Local Real Estate Technology
There are a handful of vendors who update their national database on a weekly, monthly, or quarterly basic, but none of these vendors sell growth data online, and their price for data cost is over $10,000 to as high as $100,000+ per year., just for the raw, unusable numeric string data.
How do you find your target customer using the latest real estate technology? To find the optimal customers who are likely to buy or sell your product or service, is simple, using Growth Maps.
Growth Maps has established strategic relationship with these vendors, so you can profit. For any real estate forecasts or forecasting model, having the most current local the inputs and variables is critical to the accuracy of the housing market predictions .
With Growth Maps new real estate technology, you have no data to buy, no software to develop, no GIS programmers to hire, and access to the most recent demographic and economic growth data available anywhere!
The history or real estate technology – builders and retailers
The history of builder’s real estate technology and how builders can make better investments. In 1992, the largest publicly traded builders had combined revenues of $9.3 billion. By 2006, the largest builders combined for a whopping $98.8 billion in revenues. Today, in 2017 revenues are much higher, with the US being the 2nd largest market worldwide.
Success literally bred more success. And builder’s technology had much to be desired. Once builders got larger and a little bit more predictable, they were able to borrow money from various credit markets, borrow from Wall Street, and expand more easily.
Massive inventories hurt everyone in the real estate business, including builders themselves. Attracted by the allure of greater profits, an increasing number of builders began acting as lenders. With an obvious conflict of interest and lower interest rates, these builder/lenders also participated in creative financing.
But these builders didn’t hold any liability.
They passed it on.
Builder’s real estate technology was blindsided.. Many builders honestly didn’t see this coming and logic says they would not deliberately over-build the market to such a massive extent. For us, Growth Maps, and for many real estate investors, different builder’s technology are also highly correlated to market research real estate.
Clearly, greed and mismanagement did play a role in some decisions, but a good portion of the mistakes and overbuilding was the result of sheer ignorance, poor forecasting and a basic lack of relevant, reliable and accurate information relative to variables affecting price movement within the real estate environment.
Real estate technology and Retailers
Many larger retailers build their own customized GIS platforms to determine exactly where to build, buy, invest, or move to any new local branch or store. Many Retailers spend millions of dollars per year on these proprietary real estate technology systems. But if you want to build your own proprietary mapping system on a strict budget, the table below gives you the information.
Some additional information on the current state of new real estate technology is displayed at CB Insights and Techcrunch Which one of the companies listed at CB Insights offers real-time user generate data-maps and growth data? Once you see the answer, of no one, you will see why we at Growth Maps are so passionate about our unique real estate technology.
For more information, watch our free demo video on our homepage, and download your FREE eBook titled: “What’s Next for Commercial Real Estate Technology: Leveraging Technology and
I need your feedback to build the optimal real estate forecasts and real estate technology.
Your comments are most welcome, and I appreciate your feedback.
Eddie Godshalk, founder of Growth Maps LLC