Real Estate Valuation "Weather Map"
6/14/2006 11:53:51 AM
(CST) - Michael Wells
Relegated to the long list of things I'll never never never have time to build...
It seems to me that someone could take the last 20 years of Multiple Listing Service (MLS) data, and compose a time-based valuation map. This would be extremely valuable to property investors, because you could instantly see where the wealth is, where it's moving, and how fast.
I imagine it would look alot like those weather maps on the evening news--fronts moving in and out; some dissapating, some gathering strength, but the general mood of the market, and the areas of concentrated effect are easy to see.
All it would take is a good database of sale events, with date, amount, and geocode; the rest is just data processing and visualization over a map. There's a billion-dollar service for ya...