Aug 31, 2021
In this episode The Propcast talks to Jeremy Sicklick, from HouseCanary, about how we can use data to maximise value in real estate. Jeremy chats us through how HouseCanary keeps their real estate product competitive in the market, predictions from the data that is emerging, and how the role of technology is changing the real estate space.
Key Insights From This Episode
- I saw a need to bring it into the modern age, try to do it in a much more digital, faster way to ultimately value what properties are worth and make the decision-making factor – Jeremy Sicklick
- 4 of the top 10 major lenders in the US use and depend on HouseCanary - Jeremy Sicklick
- We've continued to invest around not just having good data, but really driving great insights off of that consistently and continuing to push the extreme of what is possible - Jeremy Sicklick
- What we've seen as we went through COVID it is the demand is that demand for real estate is outstripping supply – Jeremy Sicklick
- We're seeing we're at the early stages of millennials and millennial household formation – Jeremy Sicklick
- There's more demand coming on the institutional side because real estate is a great inflation and it delivers a great yield in a yield starved market – Jeremy Sicklick
- My sense is we're going to see a pretty strong roaring twenties for quite a while, especially with the strong job market. Jobs drive households, people need somewhere to live - Jeremy Sicklick
- You are going to see “automate everything”- Jeremy Sicklick
- There's just more focus on how to take and leverage information to better automate decision-making - Jeremy Sicklick
- Every business that we see and work with is continuing to infuse more and more information into automating a set of processes that drive more productivity
- Did we make a 1% improvement? And if you can keep making these little 1% improvements every day, they start really stacking up and compounding -
About Our Guest
Jeremy Sicklick
https://www.linkedin.com/in/jeremy-sicklick-216a861/
As co-founder and Chief Executive Officer at HouseCanary, Jeremy drives the company’s vision, strategy, and growth to identify interesting and unique ways to use data to maximise value in real estate. Jeremy was previously a Partner & Managing Director at The Boston Consulting Group, where he helped leading real estate investors to deploy billions of dollars in capital. He lives in the Bay Area with his wife, their three children, and two energetic dogs.
About Our Host
Louisa Dickins
https://www.linkedin.com/in/louisa-dickins-ab065392/?originalSubdomain=uk
Louisa started her career in property working at a well-known estate agency in London. Realising her people skills, she moved over to Lloyd May to pursue a career in recruitment. She now is a Director at LMRE, who are a specialist recruitment firm driven by PropTech and recruitment professionals, and Louisa oversees their 5 core areas. Louisa co-founded LMRE and provides a constructive recruitment platform to the new disruptors in real estate. Louisa is also on the board of Directors at UK PropTech Association (UKPA).
About LMRE
LMRE believe there is a better way to recruit. LMRE focus on a more comprehensive, client led focus delivering exceptional talent to the place at the time. They are passionate about the industry and passionate about people's careers. LMRE spend time with each client to become and an extension of the business, and their transparency and core values help them grow with the sector. LMRE simplify recruitment and innovate with our clients and evolve the people driven, PropTech community.
Resources Mentioned
LMRE website www.lmre.tech
HouseCanary website www.housecanary.com
Contact Jeremy on LinkedIn: https://www.linkedin.com/in/jeremy-sicklick-216a861/
For full episode transcript head to www.lmre.tech/blog