No other website provides 15-year operating performance estimates on every home nationwide
IRVINE, Calif. --(BUSINESS WIRE)
HomeUnion, the leader in online residential real estate investing, has launched Investimate, a tool that enables consumers to see the potential value of a house as an investment using AI and machine learning. Investimate predicts a property’s investment value by estimating three factors: its price, rent, and operating expenses. Investimate is powered by big data on 110 million homes, institutional-quality research and on-the-ground experts with deep insight into local real estate market conditions.
With the launch of Investimate, HomeUnion is the only website that forecasts the performance of residential properties over a period of 15 years. After entering the address of a house, a consumer views comprehensive information on that property, including yields, appreciation and total returns. HomeUnion’s Investimate also displays in-depth information about the physical characteristics of each property, surrounding neighborhoods, historic price and rent trends, sales comps and other detailed information.
“For the first time, residential real estate investors will have big data to support their investment decisions,” says Ramin Vatanparast, VP of Product and Data for HomeUnion. “Investimate uses 15,000 geographically-varying models to predict prices for residential real estate nationwide.”
“Investors today rely on real estate agents and a variety of disparate sources to cobble together information on the viability of a property for investment purposes,” says Don Ganguly, CEO of HomeUnion. “We are using big data and our local market expertise to give them a reliable set of tools in one place to make that investment decision much easier.”
For more information on Investimate, visit HomeUnion’s blog.
HomeUnion is the leader in online residential real estate investing. The Irvine, Calif.-based firm provides individuals with all the services needed to invest remotely in residential real estate using a combination of big data, proprietary analytics and local market expertise.
Steve Hovland, 602-697-6734
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