SAN FRANCISCO, April 24, 2017 /PRNewswire/ -- RE/MAX, LLC,
one of the world's leading franchisors of real estate brokerage
services, and HouseCanary, the leading modern data analytics
company for real estate professionals, announced today their
collaboration that aims to make RE/MAX agents more productive than
ever.
Data from RISMedia's 2016 Power Broker Report as well as the
2016 REAL Trends 500 survey shows that RE/MAX agents outsell other
agents by more than 2 to 1 at large brokerages included in the
surveys. RE/MAX executives see an opportunity for their brokers and
agents to increase their use of modern data and technology to
generate leads and become even more productive.
"HouseCanary is a data powerhouse and we are excited to work
with them to provide our agents with tools and products that will
enhance the personal service they provide to customers," said
Mike Ryan, RE/MAX Executive Vice
President. "HouseCanary gets to the 'heart of the
matter', providing valuable intelligence, street by street and
home by home."
HouseCanary is a real estate analytics company using data
science to accurately value and forecast over 18,000 U.S.
residential markets and 100 million properties. Trusted by leading
lenders and institutional investors, the Silicon Valley company is
now serving real estate brokers and agents, arming them with an
information advantage at a time when home buyers and sellers are
increasingly seeking expert advice backed by reliable data.
Available to RE/MAX Affiliates through the dedicated Approved
Suppliers portal, HouseCanary's Value Reports empower real estate
professionals with unique market and property-level intelligence to
stay in touch with their clients, recruit new clients and close
deals more quickly. Accurate home values and three-year forecasts,
in an industry where valuations have been suspect, are at the core
of the reports. "Other home valuation methods are based largely on
historical comparable sales," said HouseCanary CEO Jeremy Sicklick. "HouseCanary measures price
movements on every residential block in the country, allowing for
precise valuations today and three years into the future. Our
algorithms combine 40 years of history, 1 billion residential
transactions and hundreds of proprietary calculations influencing
home values, such as capital markets, jobs, traffic…even views from
a property's backyard."
Exclusive access to this unique data elevates the real estate
professional's role as provider of market information and trusted
advisor. In markets facing low inventory, rising prices and
interest rates, the ability to provide clients and leads with a
three-year forecast of a home's value serves as a clear competitive
advantage. Offering accurate market demand figures unavailable
elsewhere, months of supply, and market rent by square foot for
similar properties, the reports allow realtors to become a trusted
source of information and "prove their gut" on property prices.
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and
Gail Liniger, with an innovative, entrepreneurial culture
affording its agents and franchisees the flexibility to operate
their businesses with great independence. Over 110,000 agents
provide RE/MAX a global reach of more than 100 countries and
territories. Nobody sells more real estate than RE/MAX when
measured by residential transaction sides. RE/MAX, LLC, one of the
world's leading franchisors of real estate brokerage services, is a
wholly-owned subsidiary of RMCO, LLC, which is controlled and
managed by RE/MAX Holdings, Inc. (NYSE: RMAX). With a passion for
the communities in which its agents live and work, RE/MAX is proud
to have raised more than $157 million
for Children's Miracle Network Hospitals® and other
charities. For more information about RE/MAX, to search home
listings or find an agent in your community, please
visit www.remax.com. For the latest news about RE/MAX, please
visit www.remax.com/newsroom.
About HouseCanary:
Founded in 2014, HouseCanary's mission is to help people make
better real estate decisions. Built on a foundation of great data,
powerful models, and predictive analytics, the HouseCanary platform
aggregates millions of data elements, including more than four
decades of property data and a rapidly expanding arsenal of
proprietary calculations and analytics, to accurately define and
forecast values and market influences. HouseCanary is financed by
notable investors including Hillspire (Alphabet Executive Chairman
Eric Schmidt's family office),
Alpha Edison, ECA Ventures, Raven
Ventures and others top Silicon Valley investors. The company is
headquartered in San Francisco.
For more information about HouseCanary, please visit
www.housecanary.com.
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SOURCE HouseCanary, Inc.