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While the push for greener energy continues to rise with the sun, the path toward going solar is anything but sunny – or, at least not without some obstacles. New mandates, financing hurdles and undefined costs related to solar energy are impacting housing policies, prices, affordability, and potentially buying trends moving forward. As we examine emerging options, the only thing that’s “clear as day” is the realization that we still have a lot to work out. The concept of data as a service is emerging as an innovative solution for businesses to quickly and efficiently leverage the power of data without the time consuming and costly process of building data management capabilities in house. Richard Sawicky, chief data officer at ATTOM Data Solutions defines what data as a service entails and discusses how ATTOM Data is changing the game and making property data available in the cloud. 20 MY TAKE: WHAT IS REAL ESTATE DATA AS A SERVICE? 06 FEATURED ARTICLE: THE NEW SOLAR ECONOMY: A HAZY PATH TOWARD HARNESSING THE POWER OF THE SUN Remnants of the arctic chill that laid waste to the Phoenix real estate market at the height of the national foreclosure crisis have all but melted away. As of year-end 2018, the presence of foreclosures and other distressed real estate have diminished significantly, leaving behind faint memories of the Great Recession and the impact it had on the Valley of the Sun. Much has changed in the metro’s economic development, making Phoenix once again a place for investors to stake their claim, although in an environment that is a lot more competitive than it was during the recovery. 28 MARKET SPOTLIGHT: PHOENIX IS BASKING IN THE DESERT SUN ONCE AGAIN Home sellers in the United States made more money on their homes in 2018 than they had in 12 years, reaping a typical profit of 32.6 percent over what they originally paid. This is according to ATTOM Data Solutions year-end U.S. home sales report, which is helping to showcase those markets where the housing market is hot. The highest returns on investment were almost exclusively in western states, with concentrations along areas of the West Coast. 24 DATA IN ACTION: MARKETS WITH THE GREATEST HOME SELLER GAINS IN 2018
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35 BIG DATA SANDBOX: SPRING AND SUMMER HOME SELLERS BARE BIGGEST SALE PREMIUMS
Home sellers have enjoyed an extended sellers’ market over the last eight years, selling at a 5.6 percent premium above estimated market value on average, according to an ATTOM Data Solutions analysis of 28.3 million home sales from 2011 to 2018. This infographic illustrates how home sellers selling in the late spring and early summer are realizing the biggest premiums — 9.2 percent on average in June and 7.4 percent on average in May, with 19 of the 20 best days to sell in those two months.
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