San Jose, CA (PRWEB) February 27, 2008
REmapper, a Silicon Valley-based technology company launched today with a unique map-based solution that produces real estate market data - including six and twelve-month forecasts - down to the census block level. The company's proprietary algorithm accounts for up to 640 variables in a predictive model to deliver highly targeted market information. The company sells access to the REmapper solution on a subscription basis through its Website http://www.remapper.com.
"There are plenty of tools out there for consumers, REALTORS® and professional real estate investors that offer high-level data on properties and markets - we go well beyond any of them," said Eddie Godshalk, REmapper's founder and CEO. "The REmapper solution lets users look forward, not just backward, when making real estate decisions and gets them down to a hyperlocal, block level view. All of this is done via maps that are generated in real time using data that are updated monthly, or, in some cases, even daily."
REmapper's team of PhD statisticians created a proprietary algorithm to apply what is known as a Spatial Temporal Analysis to hundreds of variables in every county, city, ZIP code and census block area in America. The result is a map based tool that not only provides dozens of metrics like job growth, vacancy rates and the like, but actually predicts housing prices six and twelve months into the future. In this way REmapper delivers a level of meaning to those looking to make smart real estate decisions that no mere data feed can provide.
"Right now, sellers are wondering if they should sell, buyers are wondering if they should get off the fence and real estate and mortgage professionals are often poorly equipped to give them insights," continues REmapper's Godshalk. "No one - including the REmapper team - can predict the real estate market with absolute certainty, but we can, and indeed have, created a robust statistical model that creates a view into the market that was not previously available."
REmapper maps are presented in an easy-to-use online application using simple color coding. Each map is drawn on the fly based on the user's position on the map, calculating the latest numbers on the in real time. Users select from a range of views, including 12-month forecast, 6-month forecast, affordability, home value change, and many more. Each REmapper subscription comes with:
- Unlimited access to REmapper maps and charts
- An e-newsletter tool that enables users to broadcast maps generated in REmapper to clients and prospects
- The ability to add static versions of REmapper maps to your own Website or Blog
A free trial is available at http://www.remapper.com. Subscription prices start at $39.95 per month.
REmapper is a Silicon Valley technology company founded in 2007 by Eddie Godshalk, a longtime real estate investor and student of Automated Valuation Model (AVM) technology. Godshalk is also the author of Thriving in today's real estate market: How to create wealth in any community using street level analysis.