How many “where” questions do you find yourself asking every day? Questions like, “Where should we go out to eat?” or “Where’s the closest gas station?” For most, these queries are everyday occurrences, but in the world of business, the answers to these “where” questions can potentially influence multi-million-dollar decisions.
Especially in industries where capital budgets are tied to investments in land and property, making choices on a two- to three-year horizon about areas with the highest growth potential requires accurate location intelligence.
Consider this scenario: you’re pondering where new residential home developments will be located or where real estate developers are planning their next investments.
While previously the answer to these questions relied on expertise and educated assumptions, today they can be found with the click of a button. At CoreLogic, our location intelligence is adept at collecting and curating this data and assembling a comprehensive array of “growth signals” that can predict developments before the first shovel hits the ground.
Harness Location-Intelligent Growth
CoreLogic tracks indicators related to land purchases by developers and integrates county land use designations to identify potential new residential developments. By looking for insight before developers break ground, you give yourself the chance to carefully evaluate whether it’s the right time and place to allocate your business’ capital expenditures.
The assignment of a new postal address to a land parcel is another crucial indicator of land development. When considered alongside the total count of new addresses, it becomes a key signal of community-wide growth and an immediate marker of a burgeoning population.
Individually, each of these signals can pinpoint specific activities within your market model. Yet, when combined, they reveal unique relationships. When examined collectively, these indicators unveil proximity patterns that illustrate regional activity and growth trends, providing valuable insight into where your investments should be directed.
At CoreLogic, we excel at aggregating these “signals of growth,” offering them directly to our clients. Furthermore, our team of data scientists has developed growth models using these signals, assigning a score and confidence level to provide you with immediate access to data that can help your company answer the “where” questions and become more location intelligent.
Every business needs the tools to get ahead of the competition. In the rapidly evolving world of business, the ability to accurately answer the “where” questions can be the difference between success and missed opportunities.
Whether you’re a real estate developer, a land investor, or a business decision-maker, with CoreLogic’s location-based intelligence, you can access property data, growth signals, and other essential location information to navigate the ever-changing landscape of land development and investment with precision.
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