Through the partnership, RE/MAX affiliates will now have access to HouseCanary Value Reports through the organization’s Approved Suppliers portal. Offering market and property-level data, as well as highly accurate home valuations and future pricing forecasts, Value Reports give real estate agents insights that can improve their client relationships and the value of their transactions.
According to a joint release from the companies, “Accurate home values and three-year forecasts, in an industry where valuations have been suspect, are at the core of the reports.”
According to HouseCanary CEO Jeremy Sicklick, it’s the platforms powerful algorithm that makes it unique.
“Other home valuation methods are based largely on historical comparable sales,” Sicklick said. “HouseCanary measures price movements on every residential block in the country, allowing for precise valuations today and three years into the future. Our algorithms combine 40 years of history, 1 billion residential transactions, and hundreds of proprietary calculations influencing home values, such as capital markets, jobs, traffic … even views from a property’s backyard.”
The reports’ ability to forecast pricing is its biggest competitive advantage—especially in a market with tight inventory and rising prices.
“In markets facing low inventory, rising prices and interest rates, the ability to provide clients and leads with a three-year forecast of a home’s value serves as a clear competitive advantage. Offering accurate market demand figures unavailable elsewhere, months of supply, and market rent by square foot for similar properties, the reports allow realtors to become a trusted source of information and ‘prove their gut’ on property prices.”