Using property data to detect pivotal transitions in real estate and land investments, our solution generates insights highlighting strategic growth opportunities. These insights empower clients to make informed decisions about the transformations occurring in residential housing development.
In 2023, we identified [X number] areas of residential housing development opportunities where ground was yet to be broken.
Areas with a population above [X number] and a disposable income higher than [X number] are more likely to see growth.
Access to more than [X number] properties purchased by a corporation within the last 3 years that is greater than 20 acres.
Historically, finding new growth areas using location intelligence and analytics required parsing through data on demographic projections or vehicular traffic patterns to indicate where growth would occur. Not anymore. By pairing traditional data with our location-based solutions, these indicators show what the future holds for real estate development.
The first two indications of growth cannot be seen by satellite data. Rather, they represent transitional activities that occur before ground is even broken. A real estate developer purchases land zoned as agricultural and then applies for it to be rezoned for residential development. The land use classification changes but no physical change to the land cover has occurred.
These two potentially simultaneous indicators provide information that development is underway. Did the real estate developer sell the land to a builder and did the builder create a plan to subdivide the land into parcels? If so, new addresses may be assigned to each new property.
In total, these indicators have shown a progression from land use change to the issuance of a building permit. The real estate developer or builder is likely to have permitted the land for utility infrastructure. Cable and wireless providers are likely to have recorded the changes to land ownership and permitting and will be acting to supply the telecommunications infrastructure.
While this may seem to be a lagging indicator, the sale could indicate that surrounding properties are likely to be sold in rapid succession. This new indicator is a key data point for wireless providers as any new cell site will show increasing data volumes. New cell site selection will be required to improve cellular and data coverage to maintain service level agreements. Commercial developers and retailers will look to see if there is available land to offer consumer staple goods to support the growing population.
As the real estate development sector experiences a significant boom, telecommunication companies must be vigilant in pinpointing these emerging growth areas to stay competitive and meet increasing demands in broadband connectivity. Traditional site location methods frequently fall short of identifying where growth is likely to occur and lack the essential data critical to make informed investments in infrastructure.
To overcome these challenges, it is essential to bridge the gap between outdated methods and the growing need for proactive, data-driven decision-making. By doing so, the modern telecom industry can meet its demands while ensuring long-term competitiveness and customer satisfaction by leveraging key location-based data.
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Telecommunications companies face challenges in a booming real estate market, including rapid technological advancements, increasing connectivity demands, and infrastructure deployment constraints. To overcome these hurdles, they should adopt a data-driven approach, collaborate with real estate developers, optimize existing networks, navigate regulatory complexities, and invest in research and development. These strategies help them remain competitive, meet connectivity demands, and ensure customer satisfaction.
The primary goal of CoreLogic’s Location Intelligence Growth Solutions is to use location-based data and property attributes to accurately identify areas with high growth potential. This empowers clients to make well-informed decisions and optimize their strategic investments. Additionally, our Growth Solutions offer valuable information on evolving land and a predictive model that assesses the probability of new residential development.
Cities, municipalities, counties, and other regions are constantly undergoing change. This is often reflected in how land is acquired, developed, and improved. These changes are recorded by government entities such as county Tax Assessors and captured by CoreLogic as an essential part of its business to craft data products. Many organizations are looking for areas that are expected to undergo new residential development. CoreLogic’s Growth Solutions is designed to identify these areas using its location-based data and property attributes portfolio.
Traditional site location methods frequently fall short, lacking the essential data needed to reveal this critical information. Unlike competitors that focus on utilizing demographic indicators of growth that rely on projections from data aquired through past Census data, CoreLogic’s intelligence captures data in weekly or monthly increments that provide a more real-time assessment of a region’s growth potential.
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