Wednesday, April 27, 2016

Pricing Pre-owned Auto Market – A Hedonic Modeling Approach

This book reveals an alternative approach to pricing the pre-owned auto market by applying data science and hedonic modeling. 

A number of leading brands encompassing all popular market segments and age-groups – from older Toyota Camry to mid-age Honda Accord to late model Nissan Altima to upscale Mercedes-Benz C300 to sporty Ford Mustang GT to hybrid Chevy Volt – have been modeled and the model building process and the outcomes have been thoroughly explained and illustrated with numerous interactive charts, tables, correlation and regression outputs, bell curves, percentile graphs, actual data samples, Excel modeling inserts and more. 

Better yet, all analyses and regression modeling could be 100% Excel-based!

Link to the Book on Amazon
https://www.amazon.com/Pricing-Pre-owned-Auto-Market-Modeling/dp/1521762295/ref=sr_1_1?ie=UTF8&qid=1500466378&sr=8-1&keywords=sid+som%27s+books

Saturday, April 23, 2016

Homequant Introduces a Revolutionary Home Valuation App

How to download this App
Access Google Play, click on Apps and then search Homequant

http://www.pr.com/press-release/668231

Orlando, FL, April 23, 2016 --(PR.com)-- Homequant, Inc. is pleased to announce the launch of its revolutionary Home Valuation App.

The Homequant Home Value App, unlike its older sibling Homequant Pro, requires neither any upfront knowledge of the local housing market nor the picking of a set of comps that contribute to the subject value. Better yet, it takes under 30 seconds to value a subject home with this App. And, it covers 60 major US markets.

In order to value a subject with this App, all one needs to know is the Zip Code where the subject is located and the building size – if it does not align well with the Zip-wise median building size (“Median SF”). The building size field comes pre-filled it with the Median SF for the Zip Code being selected. In other words, as soon as a Zip Code is selected by the user, the Median SF for that Zip Code will appear, providing a meaningful starting point as well as a research base for their users. Needless to say, the default Zip-wise Median SF can always be overridden with a different value.

Of course, if the subject comprises of any of the four additional property characteristics and/or upgrades – significant waterfront, in-ground pool, central air conditioning and recent renovation – the user will receive a more accurate value upon enablement (though the base value will be retained on the screen for comparison).

The Homequant Home Value App is not only an excellent market knowledge tool for current and future homeowners, but is also great for loan officers, appraisers, assessors, analysts and brokers needing a “first look” valuation. It’s great for appraisal reviewers and hearing officers as a quick “visual review” tool. It’s ideal for homeowners to get a second opinion to challenge over-assessments. Unlike BPO, it’s backed by a sophisticated research base.

While no learning curve is involved to use this App, help is always right there next to the input fields. Of course, everything is still in plain English, presented in an easy-to-understand format, without the usual appraisal jargon. And all of their Apps come with 30-day free trial. Unlike many, their free trial is totally unrestricted, meaning all 60 markets are available without any record limits or feature restrictions.

To download their Android App, in Google Play, just click Apps (top left) and then search ‘Homequant.’ The Apple iOS App is not far behind.

The President of Homequant recently explained the addition of this App to their product suite: “With the launch of the Homequant Home Valuation App we are adding an excellent takeout option to the free home valuation space. It will provide a meaningful first look into the subject valuation to all users – novice and professionals alike. Of course, for those who need a full comps-based workup, the vastly upgraded Homequant Pro 4.0 App is coming soon.”

If you’d like more information about this App or their websites, or to schedule an interview, please email Homequant at: Homequant@gmail.com


Patent Pending 62191626

Friday, April 22, 2016

Homequant Introduces a Revolutionary Office Valuation App

05-03-2016 An updated version of this App has been installed. If you are an existing user, please download the newer version. Also, 15 more markets - including all 6 Canadian majors - have been added. Thank you all.

How to download
Access Google Play, click on Apps and search CRE Office.
 
http://www.pr.com/press-release/668017

Orlando, FL, April 22, 2016 --(PR.com)-- Homequant, Inc. is pleased to announce the launch of its CRE-Office, a revolutionary Office Valuation App. Its internal algorithm can be applied to a lone property or en masse to produce excellent “Quick Look” values – from Trophy to Class A, B or C office classes – without having to enter any accounting data leading to the Net Operating Income or Cap Rates. All one needs to know is the sub-market the property is located in, an approximate rentable area and a few general characteristics that can easily be gathered by looking at the property online.

The introduction of Homequant’s CRE-Office App makes it now possible to value an entire skyline of any major city in the world in matter of days. Of course, the App does more than just city skylines; it’s equally equipped to value CBD peripheries and immediate suburbs.

They also understand that all Class-A, B and C Offices even in a given sub-market are not monolithic; instead, each class is highly diverse within its own universe causing wide variations in valuations. Consequently, they break down each Office Class into three sub-classes: Max, Mid and Min. The users are, therefore, required to specify if their subject is the Best in Class (Max), Mid-range (Mid) or Lower-end of the Class (Min), thus helping define each property more precisely, resulting in more accurate and uniform values. Additionally, nine property characteristics variables are provided to further fine-tune all subject values.

In short, their invention first helps specify the subject at the Sub-market and Office sub-class level, leading to the property-specific Rentable SF as well as the aforesaid nine property characteristics, thereby producing a highly accurate value at the property level.

Even if all nine characteristics questions are unknown to a user, s/he will be able to value the subject as long as the sub-market, office sub-class and rentable area are supplied. Of course, their system will produce more accurate values if more characteristics questions are meaningfully answered. Obviously, someone who answers all nine questions will receive more reliable and accurate values than someone answering only three characteristics questions randomly. For example, since mid and high-rise buildings in CBDs are often more valuable with retail components at the ground level than their counterparts without the retail, simply specifying the proper answer to the ‘Retail’ question would produce more realistic value.

No doubt, the fact that the user-inputted subject data and the resulting valuations are not stored anywhere in their system will provide high level of confidence and relief to the users in the sense that their activities are not being watched, nor are their values secretly warehoused.

The efficiency lies in the uniform implementation of their underlying valuation algorithm. In fact, their tests show an Office property – whether Trophy or A or B or C, with the aforesaid data available – can be valued in less than 60 seconds, making it the greatest “Quick Look” individual and mass office valuation system ever.

Their app is currently available in Android (in Google Play, select Apps and then search CRE Office) and soon in Apple iOS. A total of 46 major US and Canada Office markets (as of this release), including Manhattan, Boston, Chicago, Cleveland, Dallas, DC, Los Angeles, Miami, Minneapolis, Portland, San Francisco, Seattle, Toronto and Vancouver are currently being covered and many more markets around the world will soon be covered. In fact, any major market with a skyline is their perfect target market.

Needless to say, their invention is productive to users, either way – whether one needs to value a single subject property on-the-go or one who needs to value a group of similar or dissimilar properties quickly on desktop.

Their invention will immensely help potential investors – who are evaluating competing properties – get quick values from their system, thus narrowing their choices down to the finalist’s requiring professional appraisals. It will help commercial researchers, portfolio managers, appraisers and assessors to sample portfolio pricing, without having to resort to full work-ups and/or outside appraisals. It will help the commercial real estate attorneys representing clients on assessment-related grievances as they can quickly evaluate the merit of each case, a priori. Last but not least, since their invention works uniformly across all major markets, national investors, attorneys, hedge funds, REITs and appraisal houses will increasingly depend on their system as the go-to quick and first-look valuation system due to its speed, consistency, accuracy and uniformity. In a nutshell, their invention will revolutionize the office valuation market by adding the “Quick Look” valuation piece hitherto missing.

The President of Homequant recently explained this addition to their product suite: “With the launch of the Office Valuation App, we are proving our commitment to the property valuation industry as a whole. We continue to show the valuation world how to achieve more with less. For instance, unlike the competition, we do not store the subject population; instead, we let our users simulate their subjects considering they know their subjects the best. Anyway, as we add more international markets to our repertoire, I have no doubt that professionals around the world will be depending on our system as the go-to first-look valuation system.”

If you’d like more information about their websites, or to schedule an interview, please email them at: Homequant@gmail.com.

Patent Pending 62325422

Thursday, April 21, 2016

Homequant Introduces a Revolutionary Office Valuation App


Equity Crowd-funding  “Chefquant Solutions” on Indiegogo

Press Release
https://www.prlog.org/12604227.html

ORLANDO, Fla. PRLog -- Homequant, Inc. is pleased to announce the launch of SkylineValue.com, a revolutionary 60-Second web solution to value office properties. Its internal algorithm can be applied to a lone property or en masse to produce excellent "First/Quick Look" values – from Trophy to Class A, B or C office classes – without having to enter any accounting data leading to the Net Operating Income or Cap Rates. All one needs to know is the sub-market the property is located in, an approximate rentable area and a few general characteristics that can easily be gathered by looking at the property online.

The SkylineValue web portal is also mobile-friendly, thus negating the need for separate mobile apps. As usual, it's totally free and no login or registration of any sort is required. Therefore, their invention is productive to users, either way – whether one needs to value a single subject property on-the-go or one who needs to value a group of similar or dissimilar properties quickly on a desktop.

The introduction of the SkylineValue solution makes it now possible to value an entire skyline of any major city in the world in matter of days, not years. Of course, their invention does more than just city skylines; it's equally equipped to value CBD peripheries and immediate suburbs.

They also understand that all Class-A, B and C Offices even in a given sub-market are not monolithic; instead, each class is highly diverse within its own universe causing wide variations in valuations. Consequently, they break down each Office Class into three sub-classes: Max, Mid and Min. The users are, therefore, required to specify if their subject is the Best in Class (Max), Mid-range (Mid) or Lower-end of the Class (Min), thus helping define each property more precisely, resulting in more accurate and uniform values. Additionally, ten property characteristics variables are provided to further fine-tune all subject values.

In short, their invention first helps specify the subject at the Sub-market and Office sub-class level, leading to the property-specific Rentable SF as well as the aforesaid ten property characteristics, thereby producing a highly accurate value at the property level.

The efficiency lies in the uniform implementation of their underlying valuation algorithm. In fact, their tests show an Office property – whether Trophy or A or B or C, with the aforesaid data available – can be valued in less than 60 seconds, making it the greatest "First/Quick Look" individual and mass office valuation system ever.

The SkylineValue solution is currently available for 75 major US and Canada Office markets (as of this release), including Manhattan, Boston, Chicago, Cleveland, Dallas, DC, Los Angeles, Miami, Minneapolis, Portland, San Francisco, Seattle, Toronto and Vancouver and many more markets around the world will soon be covered. In fact, any major market with a skyline is their perfect target market.

While no learning curve is involved to use this solution, help is always right there in the form of a tutorial ('TRY IT') simulating the actual valuation process. Of course, everything is still in plain English, presented in an easy-to-understand format, without the usual appraisal jargon.

The SkylineValue solution will immensely help potential investors – who are evaluating competing properties – get quick values from their system, thus narrowing their choices down to the finalists requiring professional appraisals. It will help commercial researchers, portfolio managers, appraisers and assessors to sample portfolio pricing, without having to resort to full work-ups and/or outside appraisals. It will help the commercial real estate attorneys representing clients on assessment-related grievances as they can quickly evaluate the merit of each case, a priori.=

Since their solution works uniformly across all major markets, national investors, attorneys, hedge funds, REITs and appraisal houses will increasingly depend on their system as the go-to "First/Quick Look" valuation system due to its speed, consistency, accuracy and uniformity.

In a nutshell, the SkylineValue solution will revolutionize the office valuation market by adding the "First/Quick Look" valuation piece hitherto missing. Moreover, the fact that the user-inputted subject data and the resulting valuations are not stored anywhere in their system will provide high level of confidence and relief to the users in the sense that their activities are not being watched, nor are their values secretly warehoused.

Last but not least, they are considering several paid customizations, potentially allowing individual clients to redefine and customize their own markets, leading to their own internal and independent valuations.

The President of Homequant, Inc. recently explained this addition to their product suite: "With the launch of the SkylineValue Office Valuation web solution, we are proving our commitment to the property valuation industry as a whole.  We continue to show the valuation world how to achieve more with less. For instance, unlike the competition, we do not store the subject population data; instead, we let our users simulate their subjects considering that they know their subjects the best. Anyway, as we add more international markets to our repertoire, I have no doubt that professionals around the world will be depending on our system as the go-to first-look office valuation system."

For more information about their custom applications, or to schedule a phone interview, please email them at: Homequant@gmail.com.



Built in America. 100%. Proudly.

What the Experts are Saying:

“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Wednesday, April 20, 2016

Homequant Introduces 60-Second Home & Office Valuations

Homequant Offers Licensing Opportunities on Indiegogo


Press Releases
http://www.homeyada.com/
http://www.condoyada.com/
http://www.skylinevalue.com/

Homequant, Inc. is pleased to announce the launch of Homeyada.com and Condoyada.com – its newest additions to the family of free home and condo valuation systems. They are however different from their older siblings in that their valuation algorithms are based on the income approach, rather than the traditional comps-based market approach.

Their internal algorithm can be applied to a lone property or en masse to produce excellent “First/Quick Look” values – from mansions and penthouses to median homes and condos to the smaller ones – without having to enter any accounting data leading to the Net Operating Income or Cap Rates. All one needs to know is the sub-market the property is located in, an approximate living area and a few general property characteristics that can easily be gathered by searching the assessment roll online.

Homequant management believes that day is not too far off when more and more Americans will be renting homes and condos from the fast-growing SFR Rental companies than the traditional mom and pop homeowners. Given this paradigm shift in home rental, Homequant foresees that the traditional comps-based home valuations are being replaced by the income-based methods.

As a pioneering innovator of property valuations, Homequant is again proving its vision by launching the trend-setting Homeyada and Condoyada, the one and only income-based solutions, enticing all current and future homeowners to adapt to this new and fast-emerging way to value single family homes and condos. Needless to say, with the introduction of Homeyada and Condoyada, the income approach is now permanently part and parcel of home valuations, perhaps on its way to downgrading the conventional comps-based method to the consumer level.

Their tests show a single family home or condo, with the aforesaid data available, can be valued in 30 seconds or less. The introduction of the Homeyada and Condoyada makes it now possible to value an entire neighborhood in matter of hours, not days or months. Of course, their solution does more than just the typical neighborhoods; it’s equally equipped to value both ends of the size and value curve. Additionally, their algorithm automatically detects the oversized properties relative to the area and the market and adjusts for non-linearity in valuations.

Since the Homeyada and Condoyada solution works uniformly across all major markets, national investors, attorneys, hedge funds, mortgage REITs, appraisal management companies and research institutions will increasingly depend on their system as the first go-to system. It will immensely help potential investors get quick values from their system, thus narrowing their choices down to the finalists requiring professional appraisals. It will help real estate attorneys and consultants representing clients on assessment-related grievances as they can quickly evaluate the merit of each case, a priori.

The Homeyada and Condoyada solution is currently available in 70 major home markets, including Manhattan, Boston, Chicago, Cleveland, Dallas, DC, Las Vegas, Los Angeles, Miami, Minneapolis, Phoenix, Portland, San Francisco and Seattle. Many more markets, including Canada, will soon be added.

The Homeyada and Condoyada web portals are also mobile-friendly, thus negating the need for separate mobile apps. Therefore, their invention is productive to users, either way – whether one needs to value a single subject property on-the-go or one who needs to value a group of similar or dissimilar properties quickly on a desktop.

As usual, it’s totally free and no login or registration of any sort is required.

In a nutshell, the Homeyada and Condoyada solution will revolutionize the home valuation market by adding the income-based valuation piece to the fast-evolving home market. Moreover, the fact that the user-inputted subject data and the resulting valuations are not stored anywhere in their system and are processed via a leading 3rd party hosting company will provide high level of confidence and relief to the users, considering that their activities are not being watched, nor are their values secretly warehoused.

The President of Homequant, Inc. recently explained this addition to their product suite, “With the launch of the Homeyada and Condoyada home and condo valuation, we are presenting our forward-looking case to the market. As usual, we continue to show the valuation world how to achieve more with less. For instance, unlike the competition, we do not store the subject population data; instead, we let our users simulate their subjects considering that they know their subjects the best. Anyway, as we add more markets to our repertoire, I have no doubt that professionals around the world will consider Homeyada and Condoyada as the valuation systems of tomorrow.”

For more information about their custom applications, or to schedule a phone interview, please email them at: Homequant@gmail.com.


Friday, April 1, 2016

Phoenix Housing Market Remains on Steady Growth Path

Charlotte Housing Market Trends Up after Long Consolidation

Atlanta Housing Market Reverses to Upward Trend after Consolidation

Los Angeles Housing Market Grows Again after Sideways

Washington DC Housing Market Continues to Trend Up

Dallas House Prices Continue to Set All-time Highs

Las Vegas Housing Market Remains Strong