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Real estate is one of the world’s largest asset classes, yet the information behind those assets has remained fragmented for decades. Everybody knows the worth of a house, a building or land. But the information contained in those assets remains inaccessible, difficult to clean, and challenging to use.
Over the years, property data has been distributed across thousands of counties, jurisdictions, MLS systems and private sources. They are all different in format, rules and limitations. For large businesses, it creates delays. For startups and developers, it can create major barriers to building new real estate tools.
That’s what RealEstateAPI aims to solve.
The company was founded on the premise of making it easier to use property data. Developers should not have to go through lengthy sales processes, complicated contracts and heavy engineering work just to build real estate products.
RealEstateAPI provides businesses with clean self-service APIs that deliver property intelligence. Rather than having to deal with massive, unstructured data on their own, the platform harmonizes property data into a single model. This enables customers to search, filter and analyze data in real time across more than 150 million properties. Today, the platform serves more than 300 customers across PropTech, FinTech, insurance, home services and AI.
From Survival Mode to Stronger Infrastructure
Photo credit: RealEstateAPI
RealEstateAPI traveled a jagged road en route to its current success.
The founders had a digital marketing platform for real estate investors when the pandemic started. Active deal flow and stable financing were things their customers depended on. That all changed when COVID struck. Deal sourcing dried up, lending activity became more conservative, and new risks emerged from regulatory scrutiny surrounding telephonic marketing.
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