Comments on: Run Altos Run! NAR announces RPR

By: socorro sultan

socorro sultan — Thu, 31 Mar 2011 00:35:06 +0000

precise analysis. it is a good post. thanks for the informations

By: linden moe

linden moe — Wed, 11 Aug 2010 18:45:59 +0000

The data they have still wont be as accurate as altos research, I mean really?

Have you seen zillow zestimates? its totally inaccutate,

Altos research will always be king.

By: builders cheltenham

builders cheltenham — Fri, 26 Mar 2010 11:12:17 +0000

this is going to be a big blast for realtors, I'm a broker and have no idea about this numbers and the analysis thingy, I found altosresearch.com a very helpful site, more over I love the idea of Real-time Real Estate Data analysis feature in your site

By: Mississauga Condos

Mississauga Condos — Sun, 07 Feb 2010 21:57:58 +0000

I love the idea of an automated Regression Graph Analysis tool where you simply plug in the numbers, upgrades, and other relevant factors on pricing, and the tool spits out the estimate of value. At the same time I believe it is a great tool for condo estimates of value, it is not as practical for detached homes that may have variable that one can not quantify. Even the value of pie-shaped lots may be quantified, however, you can't quantify market trends. Let's say there is a housing shortage in your local market, and suddenly buyer demand is through the roof, this irrational exuberance will negate logic, and homes may be priced significantly higher than market value, and sold against the numbers. In stable markets on the other hand, this can be considered a great tool!

By: My, Stay on the Porch, opinions about #RPR « Northern Kentucky Real Estate Blog

Wed, 18 Nov 2009 22:13:17 +0000

[...] An “I’m not too worried” commentary from support vendor Altos Research: http://blog.altosresearch.com/run-altos-run-nar-announces-rpr/ [...]

By: Laurie Manny

Laurie Manny — Wed, 11 Nov 2009 16:16:11 +0000

Well, this is certainly a lot to take in. My mind spiders out……..so many trails to follow and question.

For Realtors real estate is local. A national MLS system really doesn’t benefit local business for us.

Realtor.com has left a bad taste in the mouth of many practitioners, beginning free then charging absurd amounts of money for the service. They are most certainly hurting as most will no longer pay for this service.

A national consumer facing MLS database? Sounds like realtor.com to me. A replacement with perks?

What about the leads? Where will the leads from the consumer facing national MLS go? At what price? Are we going to have to buy our leads back from this new kid on the block? This is what happened with realtor.com. Take the MLS info, generate leads, sell back to the very people who generated the leads.

Its all about the listings folks! It has always been all about the listings. Realtors generate the listings and everybody else dreams up ways of scalping profits.

Sounds like a master plan to me.

Always a cynic………..

By: NAR LPS NPR RVM Added to Realtor Alphabet Soup

NAR LPS NPR RVM Added to Realtor Alphabet Soup — Wed, 11 Nov 2009 01:16:38 +0000

[...] Run Altos Run! NAR Announces NPR (Mike Simonsen, Altos Research) [...]

By: Brad Nix

Brad Nix — Tue, 10 Nov 2009 01:03:20 +0000

Well said punk rock.

It’s the same old message that is said about everything on the web… if Content is King, then Context is Queen and we all know the Queen really rules the castle.

I was in the alpha test group for RPR and was disappointed in the UI, but have been told that it’s ‘completely different’ from what I saw. Since I didn’t get an invite to the preview, I’ll just assume it’s a killer resource. Regardless, I still see RPR more as a replacement to my local county GIS and tax assessors database. Unless they add compensation agreements among brokers, it will never replace a local MLS. And from what I’ve seen at my local and state association conferences – no chance. It’s hard enough to get Macon, GA to share data with Atlanta, GA – imagine what they’ll say when they think Seattle wants their data? Actually, it seems it would be easier for RPR to share their data (which is publicly available anyway) with the local MLS’. Granted they could pick and choose and perhaps consolidate many MLS’ by doing so (which needs to be done anyways), I just don’t see a National MLS happening anytime soon.

By: Realtors Property Resource (RPR), What Do You Think? | Clean Slate

Mon, 09 Nov 2009 21:05:56 +0000

[...] Run Altos Run! NAR Announces RPR from Mike Simonsen at Altos Research [...]

By: Mike Simonsen

Mike Simonsen — Mon, 09 Nov 2009 18:47:04 +0000

Thanks for the insightful feedback everyone. Going to be a fun ride to see how things play out.

Matt – that was my favorite part of the post too I tried to work in “wordy”, “verbose”, and “rambling” but had to edit down this post before the irony grew too heavy.

By: Matt Case

Matt Case — Mon, 09 Nov 2009 18:21:32 +0000

Mike,

Nice analysis. I’ve been tracking this topic for a while as a managing broker, agent, and as a REALTOR association board member. Until I get to get my hands on this and investigate it further, this stays in the “Could be big” category. Execution is everything.

Don’t see it making immediate impact in the “hinterlands” as you are wont to call them. Data is just too disparate, and the large markets (rightfully) get attention first.

I look forward to digging into RPR and its elements.

By: Matt Fagioli

Matt Fagioli — Mon, 09 Nov 2009 13:48:24 +0000

Have I missed the point if my favorite part of this post is where you call Rob both loquacious and prolix? (I had to look up both btw

He could rename is blog “Loquacious D” instead of Notorious ROB. Ha!
(Rob, love you man!)

RPR holds great promise. But, of course, execution is everything – and could take a LONG time (with 900 partners, etc). Regardless of the outcome, I’m so happy to see NAR taking on the world and actually leading the charge on something ambitious and on target.

note for those who may have also required the dictionary but didn’t take the time…

lo⋅qua⋅cious
/loʊˈkweɪʃəs/ Show Spelled Pronunciation [loh-kwey-shuhs]

1. talking or tending to talk much or freely; talkative; chattering; babbling; garrulous: a loquacious dinner guest.
2. characterized by excessive talk; wordy: easily the most loquacious play of the season.

By: What Are The Terms You’ll Require For NAR’s RPR to Use Your MLS Data? « FBS Blog

Mon, 09 Nov 2009 12:50:34 +0000

[...] Larson asked in his recent post about the possible business model for RPR. There is some early speculation that RPR’s deal with LPS for the parcel database includes giving LPS the exclusive right to [...]

By: Jim Duncan

Jim Duncan — Mon, 09 Nov 2009 11:57:07 +0000

Very, very well said Mike.

Data is great. Context and analysis are better. Personally, (and because I’m an active Realtor, that’s my primary concern and focus) I’m looking forward to having more information available to me that will enable me to help my clients and build my business.

The real estate business, as are most non-manufacturing businesses, is about assembling the right people and tools. The RPR is going to be another tool.

The RVR is the part that most concerns me, frankly, but more on that later.

By: Susie Blackmon

Susie Blackmon — Mon, 09 Nov 2009 08:17:55 +0000

Extracting data from my MLS required that I hire an Asheville statistician several years ago to show me how to extract the CORRECT numbers from our MLS for my spreadsheets. You know I’ve wanted Altos reports for several years now, lusting over them on websites all over the country. You’ve been ahead of the game all the way, and I suspect that will continue.

By: Jillayne Schlicke

Jillayne Schlicke — Mon, 09 Nov 2009 07:22:27 +0000

Makes me wonder who Firstam Core Logic will partner up with…Hmm…

By: Paul Mobley

Paul Mobley — Mon, 09 Nov 2009 04:10:58 +0000

Thanks for this post Mike. I agree that it’s the percieved value by the customer that will determine the success of the real estate professional. The challenge is that Realtors used to be the gatekeepers of information. Now they are just trying to keep up. The more everyone focuses on the customer’s needs the better.

By: Ines

Ines — Mon, 09 Nov 2009 03:10:05 +0000

Data is just facts and statistics and the actual analysis is as local as the mom-and-pop shop on the corner. I think you hit the nail on the head when you draw a distinction between information and value and like Teresa I have a problem with computer generated analysis that means nothing to my local market. It takes me hours to scrutinize the data in my local market and prepare reports that are relevant to my audience. I’m curious to see how this whole thing will pan out.

By: Jeffrey Douglass

Jeffrey Douglass — Mon, 09 Nov 2009 03:04:17 +0000

Mike, It has really been surprising how much misunderstanding there is about RPR (what it is and where it’s going) and I thank you for your excellent balanced post.

While I believe RPR will bring up the level of information for all REALTOR members, there will always be a need for tools that will allow us to “stick out from the wallpaper”.

As a very happy Altos Research Client I have no doubt you will continue to offer us Clients those tools. Competition is a good thing, but in my mind you are well ahead of the pack.

By: Teresa Boardman

Teresa Boardman — Mon, 09 Nov 2009 01:37:49 +0000

I happen to live in an area where the MLS has a wonderful consumer interface my clients love it and our system has records for every piece of property in the state through the tax record data base. I have said it before and I will say it again property valuations are a kind of fuzzy logic that I am not convinced a computer can replicate. The one thing missing from out current systems is a decent report writer. I have to download data into excel for my charts and graphs. I can do that, most Realtors can not. I only need data from one state and don’t have much of an interest in data from others. I like the idea of wht NAR is working on but it isn’t here yet and I don’t know that it will be artfully executed. I have worked on many software applications in my life and what we visualize isn’t always what we get and by the time it is finished there are issues that we can not always for see while it is in development.
Excellent post Mike. I am with you in that data wants to be set free. It wants to be packaged in a user friendly easy to use way. Agents can use your product with the greatest of ease, and consumers can understand the data. Will NAR be abble to accomplish that and will it be done before some other company arrives on the scene and does it better and faster?