Global real estate is an asset class more valuable than all stocks, shares, and securitized debt combined, at $228+ trillion. There are remarkable technologies pushing the boundaries of the industry’s evolutionary curve–Internet of Things, Augmented Reality, Artificial Intelligence, 3D printing, drones–yet in terms of Geographic Information Systems (GIS), it is seemingly difficult to find consumer technology for those that could benefit from it the most. Guarded behind expensive paywalls reserved for esoteric means.
Zillow et al. have dominated the wide end of the funnel searching for real estate, and while it’s hard to argue the value these portals bring to their audience in terms of exposure, inventory, and liquidity, I feel there is much left to be desired. Credit is due for giving capital-intensive data away for free, but beyond the rudimentary displaying of information, data is most effective when telling stories, revealing obscure trends, and fostering greater transparency.