In this edition of Tech Trends, we take a look at four of the latest products being offered to the real estate industry.
In Search Of… Local Logic, a location insights provider for the real estate industry, has unveiled NeighborhoodMatch, a product designed to enable buyers and brokers to identify neighborhoods that closely match users’ preferences.
According to the company, NeighborhoodMatch leverages proprietary data to list up to eight neighborhoods that exhibit similarities to a user’s target neighborhood based on top-ranking Local Logic scores, such as pedestrian friendliness and transit accessibility. The new product also offers an Affordability Index that shows whether neighborhood home prices are comparably priced, more affordable, or less affordable than the neighborhood they’re viewing by using the median sale price data over the last year.
NeighborhoodMatch can be utilized as a standalone product, integrated as an add-on to Local Logic’s NeighborhoodWrap, or bundled with Neighborhood Characteristics, providing flexibility to regional and national brokerages, as well as proptech portals.
“For homeseekers, especially those relocating to new metro areas, finding the right neighborhood is as crucial as finding the right home,” said Vincent-Charles Hodder, co-founder and CEO of Montreal-headquartered Local Logic. “NeighborhoodMatch is designed to simplify this process by helping users discover and compare neighborhoods that not only meet their lifestyle needs but are also within their budget. By introducing NeighborhoodMatch into the market, Local Logic continues to demonstrate its commitment to innovating real estate technology and enhancing the Homeseeker experience across North America.”
An AI Ally for Buyers. reAlpha Tech Corp. (NASDAQ: AIRE), a real estate technology company, has unveiled Claire, which is promoted as “the real estate industry’s first generative AI-powered, zero-commission Smart Buyer’s Agent.”
According to the company, homebuyers can use Claire’s conversational interface to guide them from the start of their property search to the closing of sale. Claire matches buyers and homes with over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations.
Claire is currently available to assist homebuyers in three Florida markets – Palm Beach, Miami-Dade, and Broward Counties – and is supported by a team of licensed agents at reAlpha Realty LLC, the company’s fully licensed and insured real estate brokerage based in Miramar, Florida. reAlpha Realty will provide a rebate to the buyer from any buy-side commissions earned whenever offered.
“We are excited to introduce Claire to homebuyers as we believe it represents a timely solution while the residential real estate industry is undergoing a significant reset,” said Mike Logozzo, president and chief operating office of reAlpha. “Our goal when creating Claire was simple: to completely reinvent the homebuying process through the use of AI to help homebuyers find their dream home, at a great price, with the best experience.”
A New Rental Listing Channel. Landlord Studio, a property management accounting software for self-managing landlords, announced a new free listing syndication feature in partnership with Zillow and Zumper.
According to the Denver-based Landlord Studio, the new rental listing syndication feature will allow landlords to create a free listing, set up a pre-screening questionnaire, and syndicate to multiple top channels with the click of a button to get their listing in front of more prospects than ever. Using the feature, Landlords can collect leads, manage applications, and run tenant screening reports in a single centralized location, the company added.
“We’re delighted to be partnering with Zillow and Zumper,” said Charles Chan, CEO of Landlord Studio. “By integrating the feature with Landlord Studio’s accounting functionality we’re able to offer our customers a more integrated end-to-end experience so they can streamline processes and improve ROI.”
A Smarter Smart Lock. Rently, a Los Angeles-based provider of self-touring and smart home technology, is now offering the Smart Bolt, the next generation of its Bluetooth smart lock for single-family rentals.
According to the company, the new features of Smart Bolt include an extended battery life, a stronger motor, and an easy-to-install design. The Smart Bolt supports multiple modes of entry, including key, code, Bluetooth, or fob.
The Smart Bolt meets ANSI-BHMA (Grade 2) industry security standards and protects against hacking and unauthorized access by using cutting-edge AES-256 encryption, the company added.
“When designing the Smart Bolt, we listened to what our customers were telling us they valued most in a property access solution, and security was their top priority,” said Clark Li, Rently’s chief technology officer. “We delivered to their expectations and beyond. Rently remains committed to offering the most secure technology in the proptech industry.”
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