First to see what is wrong with real estate data and technology, let’s look at what data is available today to on the Internet and available to residential and commercial brokers. And look at how often there market data is updated and if these update include the variables that influence risk and choice. Real estate technology….
A few of the main players include:
CoStar who is an aggregator from over 310 data brokers/vendors, and focuses on CRE property data. CoStar supplies yearly demographic and economic data, with the last update in 2017.
The MLS or Multiple Listing Service. There are 700-800 MLS’s in the US, they focus on residential property data and some title data. Most MLS’s and fees include yearly demographic and economic data, with the last update in 2017. With no current economic or demographic market data, only property and title data.
Neighborhoodscout and City-Data. Neighborhoodscout focuses on a bit of false advertising and has a fee, where City-Data is free. Both only supply yearly local market data, with the last update in 2017.
Growth-Maps is an aggregator of and includes the variables that affect choice and risk, with the last update being November 2018, covering over 300,000 US markets, from the Census Block Group and all higher market levels.
|Company / URL||Variables Included*||Do these variables effect risk/choice?||Last Update|
|www.costar.com||Yearly only data||minor and very limited||2017|
|MLS||Yearly only data||minor and very limited||2017|
|www.neighborhoodscout.com||Yearly only data||minor and very limited||2017|
|www.city-data.com||Yearly only data||minor and very limited||2017|
|www.growth-maps.com||Monthly / Quarterly data||Yes||November 2018|
Local market variables that do affect risk and choice include:
As of today, Growth Maps is the only company that supplied current market data, we are looking for and investigating ways to get this data more main stream. Any suggestions?
Next, Where to Invest in 2019.
The answer is a database query for me. And the answer depend if you are just looking at one single variable list the expected price forecast in the next 36 months. So the local housing market forecast for 2012. And for which level? The Block, the Track, the Zip Code? Or huge huge areas like Metro Markets, States, or Countries.
The top 5 Blocks are:
Some of these are going to go up over 40% in the next 36 months.If you want to learn more how our model works, I have a White Paper here.
FYI, I am re-launching our Free Trail soon, just need to do some minor bug fixes. Best page to get more information on this is at
I look forward to your feedback and comments. Real estate technology…. can change for the better..