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Tampa and St. Pete real estate, where things are headed according to a new National real estate site that specializes in micro-location forecasting.

(EMAILWIRE.COM, June 12, 2008 ) The REmapper 12-Month Forecasted Home Value for the Tampa-St. Petersburg-Clearwater, FL Metro Area ranks 327th within the total number of 402* Metro Areas within the USA as of June 12, 2008. A new break through technology gives actual previews of the local property market six months and twelve months into the future. This new tool is vital because it can virtually insure against a Tampa-St. Petersburg-Clearwater, FL Metro Area a future mortgage crisis and meltdown. The new algorithms and confidence levels will reduce the risk in loans, encourage new home purchases, and minimize the amount of home-owner “walk-away” vacancies. Check out the forecasts and confidence levels of your home or investment property for the next year. Within the state of Florida, Tampa-St. Petersburg-Clearwater Metro Area ranks 11th. The confidence number for the 12-Month Forecasted Home Value is 14 based on a range of 1 to 20. Forecasts are based upon algorithms that have been back-tested over the last 2 years. The national average of last month’s 12-month forecast had an accuracy of + or – 2.28%. Tampa-St. Petersburg-Clearwater Metro Area has 1,585 Census Block Groups. The range (min to max) forecast is -46.55 to +11.23

The current housing crisis is caused by a lack of quality relevant local information and a lack of due diligence on loans and loan packages (MBS). Can the sub-prime housing market crash occur again in your town? Noted Real Estate author, analyst and lecturer Eddie Godshalk, fears the answer is yes, because the loan approval process is only based upon the present, just a snap shot. There is no consolidation of local meaningful data to mitigate risk. “To conduct meaningful real estate due diligence, you need to know how one block compares to another block and the surrounding blocks,” states Eddie Godshalk, Author of “Thriving in Today’s Real Estate Market” and CEO of Silicon Valley, based REmapper™ Corporation.

Currently, lenders lend lower in markets that HAVE declined, thus driving declining markets lower. Thus requiring more down payment from borrowers, thus making it a lot harder to buy, and making it harder to get a loan, therefore creating excess inventories, and driving prices down. This traditional practice has hurt existing (LOANS THAT ARE ON THE BOOKS OF FANNY MAE) mortgages, since many of them (5-10%+) are or will be upside down. By depreciating the value of existing loans, which includes Mortgage Backed Securities and Fanny Mae's stock, the current "solution" is actually caused major irrevocable damage to individual homeowners, Fanny Mae and the USA housing market and overall economy.

REmapper.com™ has pioneered a solution to deal with the national declining housing market that does not hurt the market and serves as a benefit to, buyers, lenders, and investors. REmapper™ offers an innovative investment research suite of tools, which includes national home price indices, by county, metro area and uniquely by census block. The census block application offered only by REmapper™ is patent pending. An additional exclusive product also patent pending, features map-based renderings on the fly in real time. Reducing risk for mortgage backed securities, predicting growth by block in future forecasts, the only Real Estate property index to do so, as well as ensure mortgages and loans from lenders.

About us:

REmapper™ was founded in 2004 founded by Eddie Godshalk, author of the new hardcover book titled Thriving in Today's Real Estate Market as the premier service that benefits both buyers, sellers, investors, hedge fund managers, and lenders of real estate. After four years of development REmapper’s team of PhD statisticians, created a proprietary algorithm to apply spatial temporal and non-linear regression analysis to over 640 variables in every county, city, ZIP code and census block area in America. The result: a map-based tool that not only gives you more than a dozen metrics like job growth, vacancy rates and the like, but actually predicts housing prices six and twelve months into the future. We offer an innovative and easy experience for buyers and sellers, by their own profile, to connect, compare and choose a course of action with the most complete, competitive and accurate intelligence offered by any industry source. We provide the only patented tool that actually forecasts, which allows users to make decisions with a high degree of confidence.

Our proprietary system for the first time allows analysis down to the block level. While most online tools provide numbers at the County or ZIP code level, REmapper gets you down to the block level with neighborhood by neighborhood numbers and forecasts. And we do it using data that’s refreshed monthly – and even, in some cases, daily – while others update their data only yearly (or rely on numbers from the 2000 census). Or just provide stat stats or historical data about what is available and just going on today.

Our data and forecasts are presented in an easy-to-use map-based application using simple color coding. Each map is drawn on the fly, based on your position on the map, calculating the latest numbers in real time. It all adds up to a solution that gives you an unprecedented edge in evaluating the real estate market. Whether you’re a buyer, seller, investor, lender, hedge fund manager, or REALTOR®. Those who have used our unique service have found it to be exceptionally credible, expedient as well ease of use and a boon towards more robust, quality real estate transactions. The Mission of REmapper™ is to continually provide the best process’s for accurate forecasting, that is an invaluable aid to maximizing transactions, as well as by offering new and refined services, that improve the total user experience.

For more information on REmapperÂ’s Zoom Technology for local forecasts, please contact:

Eddie Godshalk, CEO 866-895-5763
Mark Brett, Dir of Marketing 510-547-2358 Mark.Brett@REmapper.com
Remapper Corp
www.REmapper.com
clientservices@REmapper.com


Remapper COrp
Eddie Godshalk
408-410-8494
Eddie.Godshalk@REmapper.com


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