“Realtors Property Resource”

I actually discussed the idea with a University of Minnesota Computer Science professor 5 years ago (or was it 7?), but ultimately decided not to pursue anything.

Or should I say, couldn’t find any investment capital to back it (admittedly, I didn’t look that hard).

The idea?

To convert megabytes of raw MLS data into price “heat maps” showing where local housing markets are experiencing the biggest price changes (both positive and negative).

Red, White & Blue (Not in That Order)

The way these things go — if you can conceive of it, so can someone else — it’s now a reality, courtesy of a new company called Realtors Property Resource.

The software shows the 12-month change in estimated market value (amongst other price measures) using a red-to-blue color continuum; dark blue indicates strong appreciation, while dark red is strong depreciation (no idea what the black area at the top is).

P.S.:  Hey, Realtors Property Resource!

Here’s a freebie:  reverse your color code.

Blue = cold = falling prices; red = hot = rising prices.

Get it?

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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