How Real Estate Agents Can Capitalize On Big Data For Big Results

real estate predictive analytics

Simple ways predictive analytics can boost your bottom line Big data powers predictive analytics. As the field grows, these massive data sets propel some of the biggest companies in new, unexpected ways. Netflix reports it saves $1 billion each year by optimizing the predictive engine that recommends content and programming to its customers. Google Translate’s reputation is nearly bulletproof now that its predictive algorithm has been retrained to translate in contextual sentences. Airbnb hosts see a fourfold increase in occupancy rates when they set a rental price within 5 percent…

Read More

LI Home Prices Rise As Listings Dwindle, MLS Report Says

long island home prices

Long Island’s dwindling supply of homes for sale drove up housing prices last month. In Suffolk County, the median sales price increased by 6.5 percent compared with the previous August, to $375,000, the Multiple Listing Service of Long Island reported Thursday. Nassau County homes traded for a median price of $515,000, up 6.2 percent from a year earlier. There were 7,345 homes listed for sale in Suffolk last month, down 15 percent from the previous August. In Nassau, buyers had 5,008 listings to choose from, an annual decline of 11.6…

Read More

How Home Buyers Who Aren’t Citizens Can Get a Mortgage

home mortgage for non-citizens

Home buyers don’t have to be citizens or residents to get a mortgage in the U.S. In fact, the credit and financial requirements are essentially the same for any buyer. But there is a difference: Home buyers who don’t live in the U.S. or who aren’t citizens can find it challenging to produce the required documentation for a mortgage. Because most U.S. lenders work with standard forms and reports, they aren’t set up to easily help a borrower who can’t produce a FICO score or a U.S. tax return .…

Read More

Is Your Home Really A Safe Investment?

buying a house as investment

Buying a house is widely considered to be one of the best investments you can make. If you own your home, then your housing payments are being put to use to pay off your mortgage and eventually make the house 100% yours. Rent payments are simply gone forever. But some homeowners think of their houses as more than just homes: They expect to make a substantial profit on the purchase. Here’s why that can be a really bad mindset to have. Home prices While it’s true that home prices steadily…

Read More