Now, with the addition of rental data, our mortgage, capital markets, and investor clients can take the most appropriate action based on analytics never before available.”
Dallas, TX (PRWEB) December 06, 2011
Altos Research, the leading provider of real-time real estate analytics, today unveiled at the Five Star MPACT conference its Rental Intel system providing real-time analytics on the US housing and apartment rental market. With details on the approximately 700,000 available rental units that hit the market each week, the system tracks active rental inventories, pricing, and unit characteristics. Rental Intel, when combined with Altos’ real time real estate analytics, offers a unique combination of data never before available to the mortgage and housing industries.
“Local rents add a powerful component to both valuation and disposition strategies, including cash for keys, short sales offer consideration, and workout decisions,” said Mike Simonsen, Altos Research’s chief executive. “Altos provides access to real-time housing market visibility at national scale. Now, with the addition of rental data, our mortgage, capital markets, and investor clients can take the most appropriate action based on analytics never before available.”
For investors with exposure to the US real estate market, Rental Intel guides local market selection and helps in calculating potential investment returns on individual properties. Additionally, the system helps servicers and other mortgage industry providers shape the best resolution for distressed borrowers. By understanding what’s happening in the current rental market in real time during the workout process, an appropriate offer can be made to ensure the offer is meaningful and relevant.
Product Details and Availability: Rental Intel market data is available immediately to users of Altos Research’s AltosEvaluate mortgage analytics platform. The system tracks approximately 70% of the US homes and apartments for rent each week and makes available the property details and local market statistics trends.
More information is available at the Altos Research Blog or by contacting Altos Research market analytics team at analytics(at)altosresearch(dot)com
About Altos Research
Altos Research is the premier provider of real-time real estate information. As the only national source of primary research in the active housing market, Altos Research produces unique statistics, leading indicators, and web applications used for analysis. Altos watches the active housing market, about 2 million properties each week, in 20,000 zip codes, and calculates price changes, supply and demand statistics and market psychology statistics for local market understanding. Altos clients are anyone with exposure to real estate: financial institutions, investors, and thousands of real estate professionals around the country.