MLS Data as an Asset: The Power of Quality Information in Real Estate
In the real estate industry, MLS data serves as a critical resource, but full value depends on the quality of the information it contains.
The CFPB Needs to Address Consumer Home Value Estimates
From the very beginning of consumer access to home value estimates, WAV Group has echoed concerns about the damage of such a complex and unregulated data point being shared with homeowners. In the housing finance industry, home value estimates are called Automated Valuation Models or AVMs. The models are more of an art than a science - whereby economists handpick a series of data points that get mashed up into an algorithm. Below is a snapshot of my Homebot valuation, which prompted me to look at other AVMs to compare and contrast the results. The highest valuation was the Zillow [...]
MLSs Not Endeavoring to Protect Broker Listings are in Copyright Breach
Because the MLS licenses the data from the broker, they must uphold their side of the bargain.
Aidentified Adds Search Filter for Move Date
Aidentified is a contact management enhancement tool that allows you to monitor your customer base for any changes, append customer records with missing address, phone, email, and household member information, and find new customers. Companies like Aidentified that tie BIG Data to your data using AI are seeing dramatic adoption.
Data Sharing Done Differently with Trestle and RESO
If you are considering a data share, we hope you find inspiration from WARDEX. WARDEX has positioned itself for data sharing to resolve the problems of overlapping market disorder.
Real Estate Needs to Step Up Engagement with Fannie and Freddie
With half of the mortgages going to these Government Sponsored Entities (GSEs), there is an opportunity for Realtors® to be part of the solution. One of the leaders in working with realtors to collect data for GSEs is Clear Capital. They have partnered with CoreLogic to assist with the creation of more modern valuation and appraisal workflows.
Two Midwest MLSs Launch IntraMatrix Data Share
CoreLogic has created a data sharing application that allows Matrix customers to add a tab in Matrix that opens a read-only-view session in another Matrix powered MLS. Northwestern Wisconsin MLS and adjacent NorthstarMLS are among the first MLSs to use the data sharing feature.
Where Will Zillow Go Next?
This week, Zillow announced that Stan Humphries is retiring. He is an economist and the person that some have called the father of the Zestimate. The primary reason we looked at Zillow’s financial history today was in reference to this change in leadership.
Big Data Solves the Lead Quality and CRM Problems in Real Estate
Last week, WAV Group was given an update from Darr Aley, co-Founder of Aidentified to gain an understanding about the status of big data and mashups. Aidentified’s identity graph combines consumer data and professional date, and adds a relationship mapping cloud along with events.
Brokers Use Loft47 to Automate their Real Estate Commissions
WAV Group, Inc. released a detailed report for real estate brokers in need of a modern and robust back office solution. WAV Group’s report Smart Backoffice Integrations Saves Brokers Time & Money describes how Loft47’s integrations with industry standard transaction management platforms and accounting systems are SMART and create a highly flexible technology stack that can accommodate the complexity of any individual brokerage.
The Future Role of the Photographer in MLS Listings
The focus of the multiple listing service companies across America has been on the proper licensing of photography. The person taking the media – either photo or video - owns it unless you have an agreement otherwise. They license the media for a specific use. When it is contributed to the MLS compilation, the MLS requires a limited, perpetual license for MLS purposes.
The Relationship Cloud – Mashup of Social Media, CRM, and Big Data
For years, we have seen best practices develop in social media, understood the importance of a CRM, and heard stories about leveraging Big Data that never materialized. The elegant way that Aidentified has combined these three things to deliver impactful business intelligence to real estate is outstanding.