Real Estate think tank and data analyst, CoreLogic has crunched some of the numbers for foreclosures and revealed the findings. Overall, filings have dropped from a year ago (yay) – 63,000 completed foreclosures in the U.S. in May 2012 compared to 77,000 in May 201. They share that approximately 1.4 million homes, or 3.4 percent of all homes with a mortgage, were in the national foreclosure inventory as of May 2012 compared to 1.5 million, or 3.5 percent, in May 2011 and 1.4 million, or 3.4 percent, in April 2012.
This interesting visualization (Created by Stamen) has appeared on the Zillow website. The map shows the breakdown by county of where exactly home loans are underwater (i.e. Negative Equity for the owner). Hover over a county and see the % of home owners in the county that are in financial trouble along with the Zillow home price index for the area. (Thanks to @Atanas for this tip via Twitter!)
With U.S. home values falling by nearly 25% since peak in 2007, many homeowners are now underwater in their mortgages, meaning they owe more than their home is worth – See the Map for yourself online HERE at Zillow
Some interesting stats from CoreLogic as they share some amazing stats on housing from 2011 – according to their data, overall, prices fell by 4.7 percent nationally in 2011. The CoreLogic HPI shows that, including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. This year-end report shows that home prices continued the trend of year-end decreases—this is the fifth consecutive year with a decrease in the HPI. The HPI excluding distressed sales shows that home prices decreased by 0.9 percent in 2011, giving an indication of the impact of distressed sales on home prices in 2011.
The popular Realtor.com app is now available for users of iPad – a perfect match up really! The Realtor.com service (Sorry, USA only) now supports iPhone, iPad, Android, and Windows Phone 7 mobile clients.
There’s likely no better example of an app or mobile service that can take advantage of location and geography than a real estate app like Realtor.com. Users navigate the service and desired listings on a map, spatial search is used to identify properties of interest, and now sse the iPad’s finger controls to slide, pinch, zoom and pan through a map to drill down into a neighborhood or particular street. Search results can then be located and visited using the device GPS functionality for navigation.
The Realtor.com iPad app offers other notable features including:
- Easy-to-Use results feed directly from Realtor.com to a pull down menu that floats over a map with property pins or in a magazine-style gallery view with bold photos.
- Switching between views and three mapping options is easy, and diving into a listing’s detail page for open house dates, property details, large photos, agent contact details, map’s with GPS-based directions, and share buttons requires one touch.
- Self-Contained Listing Detail Pages feature maps enabling users to view properties on a street or satellite view and scan the neighborhood for items of interest.
- With one touch, quickly enter the information into your personal notes field saving notes on why a listing has great appeal, such as proximity to a local park or hiking trail.
- Remain Organized by using the visual ‘Check marks’ that appear on map-based property pins, the pull down menu and gallery view to track previously viewed properties.
Congrats to Tulia (Trulia.com) , a cool company that has been on my radar screen for a long time now. The company, focused on the real estate industry is also very into mapping, Geo visualization and geospatial technology, something that any real estate centric firm should embrace in my mind, after all, real estate is all about location and geography, plain and simple! Trulia has a fantastic web service accompanied by a terrific mobile app, and brings it all together with terrific web2.0 services.
Today the company announced it has acquired a company called Movity (see movity.com) – honestly, I wasn’t familiar with Movity prior to today and I’m unsure how I’ve missed out on them. When I read this quick “bio” descibing Movity I was moved to quickly check them out and dig up more info… check this out… The team includes Eric Wu, co-founder of RentWiki.com, Sha Hwang, design technologist from Stamen Design, Vaughn Koch, engineering manager from Expedia/Bing, and Zain Memon, a contributor to the open-source framework Django. Are you as impresed as I was?? You should be…
Details of the deal can be found on the Trulia blog (See HERE) as well as snippets on Twitter @Trulia and @Movity. To get an idea of where Trulia might be going with the technology enabled by Movity, check out WeePlaces.com and incredible service that enables foursquare users to quickly create a time-lapse animation of their check-ins and then share via facebook and Twitter… I’m sure this is just a sampling of what’s to come. Please note, I would be remiss if I didn’t point out that I could also create a similar time-lapse animation using the GeoCommons.com Maker! service. My history as provided by WeePlaces is shown below
Yes indeed, I’ve been very hot on mobile technology, augmented reality, and location services for the real estate market… all these areas have massive potential for Geo developers and Geo technology professionals… here’s a new service from junaio that brings together these areas for a KILLER app… love it! See more HERE
Here’s a tip on an interesting new mobile app (iPhone) designed to bring complete, real-property details, sales comparables, transaction history, plat maps, tax data and other information to the fingertips of real estate professionals. Indeed, I’m always hyping mobile technology to our audience of Geo professionals, mainly because our industry has access to knowledge and a wealth of geographic data, perfect for creating compelling GEO apps like this one. On the other hand, the real estate industry is massive and ripe with opportunity (See for example this PR archive of GIS for Real Estate) … mainly because it is plaugued with problems and begs for data-rich, useful, mobile apps.
More about the app… Using Title365, Real estate or lending professionals working after hours or remotely can share retrieved title insurance information directly from the Title365 Mobile app with clients and colleagues via email directly from the app, eliminating the need to go to other Internet sites or iPhone apps for this service. As well, recently viewed properties are highlighted and users have the option to save favorite properties for easy retrieval. An additional convenience feature includes the ability to find the nearest Advantage Title location, share office information, retrieve directions, one-touch calling, and more. See more details HERE
- Search real-time property information
- view property characteristics
- share info with clients
- find office location
Another nice effort at a Googlemaps real estate mashup from Zoocasa. A nice UI and very appealing, and I really like the way you can simply search by neighborhood – quite useful! I found the initial search mechanism to be not very useful, however, once I dug a bit deeper I started coming up with results that were of interest to me. I’m not sure how or where listings are being scrapped but I got the impression the resource is not totally complete with ALL listings on the market. Nonetheless, a decent mashup and the site does offer up loads of information on neighborhoods, providing a useful research tool for someone looking to relocate to an area they might not be familiar with – nice! – see www.zoocasa.com
Another awesome mashup catering to the real estate industry… Homezilla (homezilla.ca) – Neighourhood information for Canadian home buyers – HomeZilla has just released what they call “a one-stop shop for neighourhood information for Canadian home buyers”. The service offers lists of schools, the distance to restaurants, parks and much more. It can be accessed for free and with just a single click. According to the developers, HomeZilla’s mission is to make buying a home easier and faster. HomeZilla does this by quickly connecting you with valuable home-buying and neighbourhood information so you can make informed home buying decision. The webmap offers a pleasant UI that is fast and simple to use providing valuable information including information and POIs on schools, shops, parks, transit routes, restaurants, pubs, and even Canadadian census data. 2 Thumbs up on this clever mashup!
Some of the unique pieces of information available at HomeZilla includes:
- 99% of all public Canadian schools
- Over 1000 fire stations across Canada
- Demographics like average age, median income, etc
- Rail transit in Vancouver, Edmonton, Calgary, Toronto, and Montreal
- Over 800 liquor stores from across Canada
About the founder, Sandy Ward, 34, previously worked at Yahoo! as a Senior Engineering Manager where he ran the Front Pages for Canada, Quebec, Brazil, Argentina, and Mexico. See Details
See also the developer’s blog here
How much trust can we have in mashups? That’s always a good question, particularly as web20 services like Zillow, Trulia and others are becoming commonplace for the consumer. But where does the data come from and how accurate is it? that’s always the fear of mine. Perhaps the error lies in public information, in that case, perhaps a mashup can help you identify some issues with data stored about you or your property. Case in point. Just today, popular real estate search resource, Trulia, just announced many new features today – likely in an effort to try to one-up Zillow. But how good is the information provided by these resources? For example, if you were shopping for a home in my area and were perhaps interested in my home the information conveyed by Trulia is a little odd! Details of my property list it as a 3 bedroom, 2.5 bath (perhaps poor info served via public records), however, it’s definitely 4 bedroom 3 bath property. Also, for some weird reason, when hitting my address, the zip code is reset to one that is incorrect, even if I enter the correct zip code? Finally, the street view imagery pulled from Google maps is also incorrect and shows a property that is not mine, likely a blunder resulting from the whacked reverse geocoding that is grabbing a wrong zip code. So where’s the value in this? You tell me. For now, these services may need some help, perhaps provided by some true, GIS programming skills! See also www.trulia.com