We’re constantly introduced to new technology to help the home buyer, hinder the real estate agent, and put money in the pockets of the company behind the technology. So, we’re doing our part and bringing it to you.
Introducing, HomePredict.com. The concept is pretty simple (we think), where they crunch current data, take your predictions, to determine where the market will be in a year. This is what they came back with for condos worth $800,000 in San Francisco:
Things are looking pretty good (especially the +$7,999,920 “home value impact” they give condos in ’08…condo owners rejoice!)
However, we think it should look something more like this value they give “Houses” worth $500,000 in San Francisco…do they really still exist?
The moral:
New data crunching goodness is all around and they all profess to provide the second coming, but there is always room for error and they need to be taken with a grain of salt (or browsed on your iPhone during incredibly boring meetings.) The site did become more informational as you enter zip codes, but still…not that great.
Personally, we found it an incredible waste of time, because the data is not presented in a manner that is easily understood..
Are we missing something?
–HomePredict.com [website]