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Real estate market analysis once involved pouring over statistics and interpreting reams of tabular data. Today there is a better way. Using a geographical information system (GIS), anyone who can point and click can analyze sophisticated demographic information and prepare a reasoned analysis in an easy-to-read, attractive format.
A geographic information system, which examines and displays data in a spatial context, is uniquely suited to the detailed analysis of real estate data and its persuasive presentation in reports. Although GIS has been around for a number of years, its use by real estate professionals is just now beginning to take off. An adventurous few are ahead of the curve, using GIS systems to locate properties for home buyers, perform supply and demand analyses for retailers, and advise investors on the performance of their assets.
As GIS in Real Estate will demonstrate, with knowledgeable assistance and a reasonable financial investment, residential and commercial real estate brokers, appraisers, assessors, and investment analysts can tap into applications and insights that did not exist just a few years ago. The uses and benefits of GIS technology are so far-reaching, in fact, that they touch all the major players in the real estate industry-investors, developers, property owners and managers, service providers, market observers, and regulators.
GIS in Real Estate takes the reader through all the decisions and problems encountered in setting up a GIS, with essential information on acquiring the proper hardware and software and making use of digital and attribute data, custom programming, and system integration. It even provides advice on staff training, the use of outside consultants, ongoing project management, and future GIS applications. Case studies are presented to show readers how their peers and competitors are making decisions and money by performing in-depth, sophisticated analyses from their desktop computers.
About the Author
Gil Castle has been a consultant on GIS in land use and real estate for 25 years. In addition to this text, he is the editor of Profiting from a Geographical Information System and has more than 100 articles and conference presentations to his credit. Mr. Castle has taught a seminar on GIS to appraisers throughout the country and is a past president of the Urban and Regional Information Systems Association (URISA), the oldest and largest professional association for GIS practitioners.