Release Notes: June 2023

Want to keep your clients updated about the market but don’t know what to say or have the time to write something? Check out our new AI Script Writer that analyzes market trends and does the work for you! We have also added new sections and fields to the Commercial Property Information page and Property Report and updated the Refine Value by Home Improvements data. Read on to learn about all the enhancements in this release.

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AI Script Writer 

Create content to convey to your clients what is happening in a market area using generative AI software powered by ChatGPT. Choose a Tone (Professional, Engaging, or Conversational) and Audience (Buyers and Sellers, Buyers, or Sellers), then select from three script options (Create Video Script, Social Campaign, or Analyze Metrics). When finished, you can copy the content or have it emailed directly to you. Use the content in videos, Social Media posts, marketing campaigns, mailers, and more!

The Script Writer is available for the Market Trends Indicator chart that displays key metrics for a neighborhood, ZIP code, county, or city, such as Months of Inventory, List to Sold Price %, Median Days in RPR, and Median Sold Price.

You can find the Market Trends Indicator chart on the Residential Market Trends search results page, Property Information page (Market Trends tab), and Neighborhood page (Summary tab).

New Commercial Real Estate Data

We have improved and expanded the commercial public records in the Commercial Property Details and Property Report. Key facts are now prominently displayed in large text within the summary section. Additional fields have been incorporated, and a new Financial Details section has been added.

Click on the links below for more details.

Key facts are now prominently displayed in large text within the summary section.

  • Type
  • Zoning
  • Cap Rate
  • Building Size
  • Building Name

Additional data fields are displayed in the Basic Facts section.

  • General Use
  • Property Use
  • Overall Use
  • Multi Parcel Property
  • Number of Tenants
  • Avg. Time Tenants in Business

 

Additional data fields are displayed in the Owner Facts section.

  • Contact Title
  • Contact Name
  • Multi-Parcel ID Address
  • Multi-Parcel ID Owner & Address
  • Number of Tenants

A new field, FIPS Parcel Number, has been added to the Legal Description section.

A new field, Building Sq. Ft. has been added to the Property Features section.

We have added a new section named Financial Details with the following fields:

  • Adjusted Prop. Value
  • Multi Parcel Loans
  • Est. Prop Change Current Owner
  • MTG Risk Score
  • No. of Refis or Equity Loans
  • New Applicant Underwriting Score
  • Default History
  • Property Use Reliability Score
  • Last Major Renovation
  • Property Use Reliability Score
  • Financial Risk Score
  • Property Use Risk Score
  • Local Area Credit Risk Score
  • Special Risk Characteristics (1, 2, & 3)
  • Questionable Tax Square Foot

Commercial Tenant Data

This release updates our Commercial tenant data to the latest information from SMR Research. Improvements have been made to how SMR Tenant data is matched to our property records, increasing the number of tenants displayed.

Refined Value by Home Improvements Data

Our annual update to the Home Improvement data from Zonda (formerly Hanley Wood) included a new HVAC category, a  change from “Master” to “Primary” Suite, along with updated regional coefficients and descriptions of cost and value amounts based on the most recent data.

The Cost vs. Value Report seeks to answer the question, “What value does a particular remodeling project add to the sale price of a home?” This year’s results were determined in part through survey data collected from RPR users like you, along with data from a remodeling estimating solution, Verisk’s XactRemodel®.