Contents
FEATURED ARTICLE
P1 THE RISE OF THE REAL ESTATE DATA BOTS
We’re just at the start of the “fintech” – financial technology – revolution, the growing use of data by the real estate and lending industries. Moving electrons back and forth in new ways will radically change both industries, and like all revolutions there will be both winners and losers. Ten years from now some of today’s largest and most important players are likely to be gone, replaced by – well, that is the big question, isn’t it?
Economics professor Jaren Pope of Brigham Young University shares some early insights from an analysis of bargaining, search and psychology for house prices using certain elements of property data collected from count assessor and recorder offices. Specifically Pope addresses two factors from the preliminary analysis: the possible impact of sellers who own a home outright with no mortgage and the impact of buyers who purchase with cash. P11 MY TAKE: THE SCIENCE OF BUYING LOW AND SELLING HIGH Prospective homebuyers in Q1 2017 were most motivated to move to parts of Colorado, the Carolinas and Florida — along with Washington D.C. — according to an analysis of proprietary pre-mover data by ATTOM Data Solutions using data collected from loan applications on residential real estate transactions. The data is highly predictive of which markets are likely to see a high volume of sales activity closing in the second quarter of 2017. P16 BIG DATA SANDBOX: MARKETS WITH THE MOST MOVERS
P1
P10
P17
P17 STREAMING YOUR OWN PROPERTY DATA PLAYLIST
ATTOM CTO Todd Teta explores how the emerging API Economy is revolutionizing many industry verticals, and how recent and imminent innovations specifically in the world of real estate data APIs will disrupt the way businesses consume public record real estate data. That disruption will come in the form of fast and flexible APIs that can be custom- built on the fly to feed an application with exactly the data elements it needs at each point it needs them — and saving costs while doing so.
P21
P21 DATA IN ACTION: WHERE TO FIND CO-BORROWERS
More borrowers purchasing a home are relying on “co-borrowers” to help them qualify for the loan — nearly 22 percent of all single family purchase originations in the first quarter had multiple, non-married co-borrowers on the loan, up from 20 percent a year ago. But co-borrowers account for more than one in every four home purchases in many high- priced markets that are magnets for millennials.
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