NAR: Revaluate Exemplifies Progressive Big Data in Real Estate
The nation’s largest trade organization, The National Association of Realtors, recently honored Revaluate. The real estate big data company focuses on unlocking databases to help consumers know what its really like to live at an address. Revaluate was highlighted in an official white paper on Big Data in Real Estate.
According to NAR, Revaluate is “already layering on data in ways that will change the industry”.
Revaluate works with Realtors but is primarily focused on helping all consumers easily understand very complex, impossible to retrieve data.
The National Association of Realtors is embracing the evolution of information and transparency. This stands in stark contrast to decades of the real estate business model, where agents held data in unpublished binders kept locked in the office. The oft criticized industry has been evolving with the times. Individuals are opting to differentiate on service levels rather than restrictive data rights. Revaluate’s data had not previously been accessible to agents or consumers.
“Data that once was considered private is now being shared willingly. And all this recorded information enables data collectors to generate in-depth consumer profiles for specific neighborhoods— layer upon layer of “lifestyle data” that can be leveraged by real estate sellers, buyers, and professionals” reads the white paper.
“We are honored to be included in this NAR Big Data white paper” Said Revaluate CoFounder Chris Drayer. “The Livability Data Layer is important to consumers. We will continue to dig up and unlock inaccessible information to help people make the right move.”
The paper was authored by: Todd Carpenter, Managing Director of the Data Analytics Group at NAR and Aleks Velkoski, Data Scientist, Data Analytics Group, NAR and produced by Chad Curry, Managing Director of the Center for Realtor Technology.
Check out the NAR Big Data White Paper