HOUSINGNEWS REPORT
FEATURED ARTICLE
BY PETER MILLER, STAFF WRITER The Rise of the Real Estate Data Bots
billion and smartphones are everywhere. We’re just 10 years into the smartphone revolution and yet already “the average American spends five hours a day on their phone,” says Federal Reserve Governor Lael Brainard. As much as the mobile phone — essentially a pocket-sized computer — has changed countries with advanced economies, what it’s done worldwide is even more profound: less than two decades ago the UN reported that “more than 50 per cent of the world’s people have never made a phone call.”
Places once technologically remote are now on the grid just as surely as cafes overlooking the San Francisco Bay. Fintech Revolution In a similar sense we’re just at the start of the “fintech” – financial technology – revolution, the growing use of data by the real estate and lending industries. “We can position our clients in front of their customers at the most optimal time,” said Alex Kutsishin, Co-Founder and Chief ROI Booster with Sales
Ten years ago in June something new and different entered the American marketplace. The iPhone was a hit from day one, the first “smartphone” and a hint of things to come. It was not just a communication tool, said Apple co-founder Steve Jobs, “but a way of life.”
Jobs turned out to be a visionary. Apple now has cash reserves of more than $250
JUNE 2017
ATTOM DATA SOLUTIONS • P1
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