Identify Markets with Highest REO Investment Return Potential
@DataQuick leverages its National Property Database to score, rank markets in any ZIP code to identify suitable REO markets #reotorental
REO Neighborhood Rankings from @DataQuick ranks ZIP codes in markets, e.g. Miami-Dade County, and targets best #REOinvestment opportunities
SAN DIEGO – April 22, 2013 – (RealEstateRama) — During the housing downturn, different neighborhoods across the United States experienced different levels of distress. The same is true in recovery. As a result, it is important to understand neighborhood-level general and distressed property trends in order to make sound REO-to-Rental investments.
DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, announced today the availability of REO-to-Rental Neighborhood Rankings, which leverages the company’s National Property Database and RiskFinder Distress product to score and rank counties and ZIP codes within counties. Servicers and investors can use the rankings to identify the specific geographies they want to target and then the specific ZIP codes in those geographies that offer potential for the highest return. Scores and ranks are based on property valuation appreciation and depreciation; depth of market supply; depth of market demand; distressed sales; and distressed discount trends.
“Identifying the most attractive REO-to-Rental markets and properties is cumbersome for servicers and investors due to the sheer amount of data an accurate analysis requires,” said John Walsh, president of DataQuick. “The REO-to-Rental Neighborhood Rankings provide more than 10 years of monthly metrics for ZIP codes nationwide, ensuring the best REO investment destinations are evaluated and targeted.”
REO-to-Rental Neighborhood Rankings are also delivered with extensive data sets that allow for custom analysis. Separate ZIP-level results are provided for single family residences and condominiums that include:
· Property Appreciation/Depreciation Number of Parcels
· Number of Foreclosures Number of Auction Sales, Resales
· Total REO Properties Number of REO Bank-Owned Properties
· Number of Government-Owned Properties Number of REO Resales
· Inferred Short Sales Inferred Short Sales with Default Notice
· Number of Non-Distress Sales REO Inventory
· Median Home Value Various Average Costs
Randy Wussler, vice president of Product Management and Marketing for DataQuick, will be presenting highlights from the new rankings at the Information Management Network’s (IMN) REO-to-Rental Forum on April 22, 2013 at 10:40 a.m. and at the SourceMedia Mortgage Servicing Conference on April 24, 2013 at 9:15 a.m.
San Diego-based DataQuick, a Decision Insight Information Group Company, delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick’s integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, Title insurance and property information, property research portals and marketing tools. For more information, visit the company’s website at www.dataquick.com, on LinkedIn or on Twitter at @DataQuick.
About Decision Insight Information Group
Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight Information Group companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, Wertweiser, a joint venture with HVB Bank, in Germany, and Decision First, a joint venture with First Title, in the UK. Decision Insight Information Group has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com. Decision Insight Information Group is a TPG Capital portfolio company.