11 July 2014

5 Ways Big Data Helps Real estate

Real estate has traditionally been a game won or lost based on old-fashioned networking and shoe-leather style hard work — deeply dependent on timing, detecting trends and more than a little bit of luck.
It may not be that way for much longer, however. Big data is changing the way real-estate professionals, buyers, sellers — and even banks — think about transactions involving property.
The following 5 ways Big data helps real estate:
  1. Democratizing data for the real-estate consumer
  2. Better understanding communities
  3. Investors and banks: Foreclosure and short-sale changes
  4. Roles of real estate agents
  5. Boosting pitches

The result of Big-data seems "It will become increasingly difficult for individual real estate agents to be visible to consumers, both online and offline, as the consumers follow the larger data sources online," 

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