HOUSINGNEWS REPORT
FEATURED ARTICLE
(and without legacy products to drag along) startups can fill market gaps less nimble incumbents haven’t filled.” Ken Bartz, Founder and CVO of Monster Lead Group, a company that mines public record property and loan data to identify leads for lenders, explains that
a canned technology solution available at a reasonable cost.”
“the cost of technology has such a low barrier of entry that even a very small company can utilize the same tech as the largest companies. The problem is exposure; some of these small firms aren’t on the tech radar so they need to search out solutions. If a small firm can identify their problem, there is probably
Does Fintech Really Work? A strange thing has begun to happen. It has become clear that fintech is not just a shiny new thing, it’s actually producing results. Copley writes that his firm “met with five neighbors and told them their homes were best sold together. Leading market valuations priced their homes at a total of $1.9M, but our AI said a developer would pay $3.2M to use the aggregated site to build apartments on. We were wrong — the developer paid $3.5M. That solution was a direct result of the investment we’ve made in machine learning.”
(We) met with five neighbors and told them their homes were best sold together. Leading market valuations priced their homes at a total of $1.9M, but our AI said a developer would pay $3.2M to use the aggregated site to build apartments on. We were wrong — the developer paid $3.5M. That solution was a direct result of the investment we’ve made in machine learning.”
Bryan Copley CEO, CityBldr
2016 Residential Prices by Property Type
Annual Pct Change
2016 Median Price Per Square Foot
$180
7.0%
$156
$160
6.0%
6.2%
6.1%
5.2%
$140
5.0%
5.1%
$120
$130
$119
4.0%
$100
$97
$80
3.0%
$60
2.0%
$40
1.0%
$20
$0
0.0%
Multi 5+
Single Family Residence
Multi (2-4 Units)
Condo/Townhouse
JUNE 2017
ATTOM DATA SOLUTIONS • P7
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