Use this button to switch between dark and light mode.

3 Ways a Property Records Database Can Help You Stay Ahead of 2021 Real Estate Trends ... and Your Competitors

January 22, 2021

Let’s face it. It felt good to close the book on 2020, but now the pressure’s on to hit the ground running. Understanding trends poised to impact the Real Estate industry is an important first step. We’ve gathered insights from industry experts together to take a closer look at what’s on the horizon in our newly available 2021 Real Estate Trend Report. Read on for a sneak peek at some of those trends and tips for using a research tool like Nexis® for Real Estate to turn trends into opportunities to grow your business.

Use a public records database to get ready for the rebound

The first trend in our new report highlights one area of real estate that fared better than most in the past year: single family homes. The market started out 2020 hot, thanks to low interest rates and inventory combined with high demand. The disruption of the pandemic only added to the bottleneck as housing starts stalled and potential sellers held off putting their homes on the market.

As a result, most experts expect single family homes to outperform other sectors in 2021, particularly commercial real estate. Ivy Investments global economist Derek Hamilton told CNN, “There will likely be less demand for commercial real estate due to the rising popularity of online shopping and working from home.”

But whether you’re gearing up for a big bounce back in residential, commercial, industrial or land deals, information is crucial to your success. Here are three ways research can yield measurable advantages if you have the right sources and search technologies at your fingertips.

  1. Skip the manual public records database searches. Finding elusive opportunities before your competitors means you need a more efficient way to connect the dots between people, properties, and Instead of plodding through multiple sites across the web, accelerate research by choosing a research solution that connects you to more than 83 billion public records* aggregated from 10,000+ sources. It’s not just the size of the public records database that counts; it’s the underlying technology too. Nexis for Real Estate, for example, benefits from LexisNexis® Smartlinx technology that quickly identifies hard-to-spot connections and generates comprehensive people and company reports that show relationships more clearly.
  2. Stay informed with timely Alerts to news coverage about industry, company moves, and Top real estate professionals know they need to strike while the iron is hot. Having a consistent view of what’s being said by the media, industry experts and influencers, or press releases keeps you ready to pivot when a potential opportunity emerges. Nexis for Real Estate supports this in the moment awareness, enabling to set up your Alerts to suit your workflow and even share them with colleagues to keep your whole team informed when positive signals appear in the news. And since Nexis features more than 40,000 news and business sources—all in one place—you can be confident that you’re capturing a balanced, comprehensive picture from leading regional, national, and international sources.
  3. Protect your business from unseen threats. It’s not just opportunities you need to spot quickly. With the combination of news, company, legal and public records data available in Nexis for Real Estate, you can quickly verify contact information, review bankruptcy filings, and search for adverse news about prospective clients or business partners to reduce exposure to financial or reputational risks that could put the brakes on momentum in 2021.

And that’s just the tip of the iceberg. Curious about other 2021 trends like addressing systemic racism, reimagining work environments, and the ‘moving’ movement? Download a copy of our 2021 Real Estate Industry Trend Report for more details.

What’s your next move? Try Nexis for yourself!

 

* Access to U.S. Public Records content is subject to credentialing. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors.

Due to the nature and origin of public record information, the public records and commercially available data sources used in reports may contain errors. The LexisNexis Public Records services are not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. §, et seq.) (“FCRA”) and do not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, these LexisNexis services may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment, or another eligibility purpose in connection with which a consumer report may be used under the FCRA.