Foreclosures a Hot Trend on Real Estate Sites

TechCrunch points to a new set of “heat maps” on real estate site HotPads — foreclosures:

hotpads foreclosures

Sites like HotPads, Zillow, Trulia and others have been building out all sorts of features and capabilities around data they’ve collected and very often rendering it visually on maps. Showing foreclosures on heat maps is just one of many such capabilities.

New real estate search engine Dot Homes recently added foreclosures. And Trulia’s had this information for some time. The underlying data in almost every case is provided by RealtyTrac. The data are public but RealtyTrac has made it easy for these third-party sites to present. RealtyTrac makes money off would-be buyers who want access to more complete listings information.

4 Responses to “Foreclosures a Hot Trend on Real Estate Sites”

  1. earlpearl Says:

    Wow: Views of real estate in that context are incredibly powerful. On the one hand seeing all the foreclosed properties is deeply depressing. On the other hand these mashups are so much more insightful and powerful for investors in a wealth of real estate worlds.

    If I was an investor in residential properties I’d follow mash ups like this like a hawk. If I was looking for retail space opportunities I wouldn’t need any other data than a map like this to stay out of certain regions. If I owned commercial/retail property and had vacancy in an area with lots of foreclosures….I’d drop my asking rents in a pinch. 😀

    Very powerful maps.

    Dave

  2. Greg Sterling Says:

    Yes, it’s very interesting to see the data rendered visually like that.

  3. Nathan Nicholson Says:

    Foreclosures are on the rise nation wise at an alarming rate. Its good to have a site that you can go to and see whats happening. Thank you.

  4. James Winston Says:

    The map was very enlighting. Where is this going to stop?

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