Real Estate Market With Python
Web scraping, otherwise known as data scraping, web harvesting, or web data extraction, is the process of analyzing the underlying data that determines website display information. It’s fast becoming a definitive tool for examining valuable data that isn’t easily accessible otherwise.
When it comes to the real estate market, Python web scraping is one of the best tools you can use to gain an edge over the competition. Using automated software scripts that cruise the web, you can determine housing market price trends, real estate ETF investment returns, and more.
In this article, we will provide an overview of the Python web scraping process and examine the benefits of web scraping real estate data sources. Of course, this isn’t your only option. Learning how to code using coding tutorials can be fun but also time consuming – if you are looking for a quicker, more convenient option, using pre-built coding capsules may be your best option.
Innovations in Real Estate Technologies
If you’ve ever looked at a house or apartment for sale, you probably weren’t driving around looking for a realtor’s sign. Most likely, you found the listing online.
The internet has become real estate’s primary resource for research and the central market for the sale of properties. This is the case for all parties involved: realtors pitching new and old real estate, buyers comparing market prices, or sellers listing properties. A survey put out by the National Association of Realtors found that around 51% of all real estate transactions begin online.
If you’re in the real estate game, web scraping real estate data is a crucial way to remain competitive in an ever-changing technological landscape. Web scraping is a way for people to adapt to innovations in how real estate data sources influence how the online market operates.
How Web Scraping With Python Works
Python is a multi-paradigm coding language that many people use to extract data regarding various industries, including online real estate. By using programs such as Puppeteer or Express.js, you can execute a web scraping protocol that gives you access to information not readily available to the average web user.
In general, people who want to web scrape real estate data have two options:
- Construct an in-house web scraping protocol – A difficult and time-consuming option, this requires you or your coding specialist to design a network of proxies and web scraping protocols so you can extract real estate data. This involves writing your code and maintaining which data point you wish to examine and scrape for data.
- Outsourcing your web scraping protocol – There are a few different services that will help you execute a web scraping protocol. However, some don’t examine the specific data points you are looking at. This often involves examining a predetermined data set that the scraping tool automatically collects and refreshes.
In our opinion, constructing a web scraping tool is the best way to ensure you remain highly competitive in the real estate market. You can change which data points you wish to scrape and adapt your strategy depending on which data sets are priorities. Outsourcing web scraping may result in information that is useful to others, but not necessarily you and your business.
Specific Uses for Web Scraping Real Estate Data With Python
Web scraping Python real estate sources are done to help individuals and businesses in several ways, including:
- Real-Time Data Collection – Real estate websites often use web scraping tools to collect vast amounts of data from different sources automatically and near-instantaneously. Often, this data is aggregated and displayed on websites so customers and interested parties can examine the different data sets all in one place.
- Real Estate Market Forecasting – Real estate data scraping is one of, if not the, best ways to determine what direction various real estate markets might be heading. The enormous and varied data sets allow you to predict how a market may perform based on historical data points, crime statistics, buy and sell prices, and changes in real estate listings.
- Keeping an Eye on the Competition – Web scraping lets you monitor competitor’s websites for price changes or new listings, providing opportunities to take advantage of gaps in the market.
- Keep Track of Vacancy Rates – Increases or decreases in the rate of unoccupied properties has a huge impact on market prices and growth rates. Tracking this type of data set with web scraping lets you approach vacant property owners before competitors might be able to, as well as monitor the changes in other property prices as a result.
Enhance Your Real Estate Data With More Tech
Now that you have an idea as to why people use web scraping tools to collect and utilize real estate data, you might wonder how else you can stay in front of the competition within the real estate industry. Consider incorporating automation tools such as timesheet tracking or automated mapping into your systems. This will streamline ancillary services such as SEO and technical marketing, human resources, and sales. Better tech and systems make the completion of individual tasks easier and faster – enabling you to stay on track more efficiently and effectively. Never stop teching up!
Author Details –
Christoph is a code-loving father of two beautiful children. He is a full-stack developer and a committed team member at Zenscrape.com – a subsidiary of saas.industries. When he isn’t building software, Christoph can be found spending time with his family or training for his next marathon.
Zenscrape’s Social Media Handles – github: https://github.com/
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