Leveraging Web Data to Anticipate Real Estate Market Trends

by Jeff Hoffman

In early September, prominent banking analyst Meredith Whitney said home prices have another leg to drop, perhaps another 25% over the next two years as high unemployment levels continue. While S&P/Case-Shiller shies away from predictions, David Blitzer, chairman of the index committee, thinks Ms. Whitney’s estimate is too negative. Moody’s expects a drop of about 10% from current levels.

How could web data help you determine which (if any) of these predictions is accurate before Commerce Department figures are released?

Monitoring, collecting, and aggregating precise real estate data points from the web can help you anticipate market trends as part of your day-to-day routine.

Imagine the unique insight you’d gain by automatically extracting and aggregating thousands of data points every 24 hours from home builder, MLS, for sale by owner, and/or foreclosure websites. In 1 place you’d be able to view average price, average price per square foot, total count of inventory, data on employment, interest rates, rental prices, sentiment and other quantitative or qualitative variables you deem important. This information could be further segmented by price point and region.

As examples, the 2 screen shots below are the result of Connotate’s intelligent software Agents collecting thousands of real estate data points from 8 U.S. Homebuilders every 24 hours. This data gives unique insight into new home sale pricing trends before Commerce Department figures or Earnings are released.

Agents monitor and collect data on your behalf

The intelligent Agent technology interacts with data sources the way you and I would, but on an automated basis — and at a disciplined and scalable pace (that would be impossible for us to do ourselves). Agents are smart, tireless and effective, and may provide you with unique insight.

Those firms equipped with the tools to transform the infinite Web (and internal sources) into a focused set of actionable, highly personalized and differentiated data will be the clear winners in this turbulent and competitive market and well beyond.

For more information on creating real-time feeds of real estate data (or any other kind of data feed) contact Connotate at 732-296-8844 or try out a free 2-week trial of Connotate’s On-Demand Library Beta.

This entry was posted on Tuesday, September 29th, 2009 at 9:31 am and is filed under General, Intelligent Agent Technology, Agent Applications in Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

Pages

Archives

Categories

Leveraging Web Data to Anticipate Real Estate Market Trends

Pages

Archives

Categories

Leveraging Web Data to Anticipate Real Estate Market Trends

Share This Post!