Industry NewsTechnology

New RE tool generates custom, on-the-fly reports

Web app lets agents compare multiple markets simultaneously

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Real estate data company Altos Research today announced an Internet application that allows users to query the company's database to quickly generate customized real estate reports. There is a free version of the AltosXplorer application featuring limited real estate data, and a full version with richer data is available with a subscription. Most of the company's clients are real estate agents, and the new tool enables them to creating on-the-fly reports for clients while they are talking to them on the phone, said Michael Simonsen, co-founder and CEO of Altos Research. The application, he said, "puts a front-end on our database, so it's not about the analysis we're doing -- it's about empowering the user to do their own analysis." While the company has previously offered detailed market-specific reports, the new tool can be used to conduct simultaneous data queries for multiple market areas. For example, a user could check out price and inventory trends in the co...