February 19th, 2013

The changing tide in real estate

The 2013 edition of the Swanepoel TRENDS Report is out, and we were lucky enough to get a sneak peek before it officially hit the shelves. And we weren’t disappointed.

What’s most impressive about this report is how forward-looking it is. Stefan Swanepoel recognizes that there is a fundamental shift occurring in the real estate industry and offers valuable conclusions to help keep you ahead of the curve. One topic he discusses that’s near and dear to our hearts: the true value of a brand to your company. According to the report, companies and agents need to step up their game when it comes to developing and maintaining their brands:

“Building a brand is more complicated than just advertising, franchising or capturing online eyeballs. Consumers aren’t just buying Starbucks, they’re buying a larger experience through their interaction with the brand, their fellow consumers and everything else associated with Starbucks.”

We’ve been preaching the importance of providing your customers with a great user experience, but it goes far beyond that. Swanepoel identifies a recent phenomenon he calls the “Gentle Revolution,” in which a new generation of younger, technologically-savvy homebuyers is starting to interact with an older generation of more traditional real estate agents. Those that are unable to accommodate the new attitudes and behaviors of today’s homebuyers will become casualties on the battlefield, writes Swanepoel.

With the real estate industry at a crossroads, the foresight that Swanepoel offers in his report is as important as ever. From the fiscal cliff to Berkshire Hathaway’s big move, Swanepoel always finds a way to look beyond the obvious and understand the bigger picture. In an increasingly uncertain and competitive market, these insights are an invaluable tool for every real estate professional.

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February 8th, 2013

RealtyUSA wins Onboard Informatics’s Charity Giving Contest

February 8, 2012 – New York, NY. Onboard Informatics has named RealtyUSA, the largest independent real estate company in upstate New York, the winner of its Charity Giving Contest recognizing community-based efforts around the 2012 holiday season. As the contest winner, RealtyUSA selected the West Seneca Community Food Pantry as its charity of choice to receive a $250 donation from Onboard. The Food Pantry, which operates behind St. David’s Episcopal Church in West Seneca, NY, serves 120 to 150 needy families every month.

RealtyUSA’s West Seneca branch won the Charity Giving Contest with its second annual Winter Wonderland. The event, held at the branch’s office location, invited the local community to get their picture taken with Santa Claus and also provided face painting and arts and crafts. The price of admission to the event was a non-perishable item of food, which was later donated back to the community. RealtyUSA’s goal was to help those in need while creating a calm and relaxing environment for parents to spend time with their children. “We wanted to do something that helped the community while teaching children the importance of giving,” said Sandy Madsen, the branch manager’s assistant.

The Holiday Charity Giving Contest was announced in December with the goal of encouraging real estate companies to give back to the neighborhoods around them. Contestants were judged on the creativity and uniqueness of their entries, as well as on overall impact on the community.

“We were inspired by all the stories we heard, but thought RealtyUSA went above and beyond the rest,” said Jackie Berg, Marketing Director at Onboard Informatics. “With another holiday season come and gone, we wanted to remind everyone that helping others year-round and giving back to the community are as important as ever.”

About Onboard Informatics
Onboard Informatics connects leaders in the real estate, publishing, and technology industries to data-driven innovations that empower informed decisions, enable human engagement and accelerate business results. Our expertise in information management and related technologies transform real estate data through innovative products that help customers (1) understand what’s happening – in local markets, on the web, with their own listings; (2) talk about it and show it to others to boost conversions; (3) manage their business more effectively and (4) enhance results.

About RealtyUSA
RealtyUSA is the largest independent real estate company in New York State with over 55 offices and approximately 2,500 agents and employees. RealtyUSA is ranked #5 in the United States in terms of largest independent real estate firms and operated by President/CEO, Merle L. Whitehead.
MEDIA CONTACT:

Michael Seto
Onboard Informatics
Phone: 646-747-0194
Email: mseto@onboardinformatics.com

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February 7th, 2013

On David Brooks’ data-isms

“If you asked me to describe the rising philosophy of the day, I’d say it is data-ism.”

Since David Brooks’ pen (I want to believe he drafts his op-eds in actual ink) is always tapping the pulse of American culture and dusting off the corners of our unconscious minds, I know our little obsession with data over here has reached the national stage.

Most people’s appetites for digital media are down to single-digit seconds, so it makes sense to see data as the summation of an experience coming to our aid more frequently. With so much competition for our attention, it’s also no surprise we need more help with our gold panning in terms of the information we trust.

Data as summation of an ‘experience’

So what exactly is this summation of an experience I’m rambling about? A few examples:

  • Correctly tracking nuances of political beliefs and attitudes, which is what allowed Nate Silver to accurately predict how each of the 50

    New Yorkers will argue vehemently to extremes about their transportation beliefs. "Little data" like this running tab I'm measuring with Charlie Panoff about the 4/5 train commute starts to take the intuition out of the equation. But it's just one data set - imagine if everyone on my line kept a diary of their experiences with delays and the human elements of travel (was it crowded or not? Did I get right on? Drunk bums singing, Y/N?). Imagine if those data sets were then standardized. The more sophisticated and robust the inputs are, the more mathematical the outputs are, without necessarily losing their humanity.

    states would vote in the 2012 Presidential Election – versus the ‘here and now’ poll counterparts

  • Turning disparate data points into real insight, like how our Neighborhood Navigator mines the raw data to determine the real dimensions of how a neighborhood is different

Or as Derrick Harris at Gigaom says,

“If there’s one thing I’ve learned [working with the best minds in data], it’s that the real value of data isn’t just in uncovering statistical realities, but in finding methods for doing so where it was hitherto impossible and in creating entirely new products that change the way we interact with our world.”

Drawing shapes between all types of data points is what will make our lives easier. But as more data comes into play – along with more parties who claim to know it – we must scrutinize the assumptions and methods of the madness: gathering, analyzing, and interpreting said data.

Unlike some other local data vendors, data processing is a science we are constantly striving to improve at Onboard Informatics. Sure there are growing pains, but it beats the hell out of spitting out meaningless data (whether on a website or in a dynamic iPad app with user-defined search capabilities) that users can’t trust.

The phenomenon of big data will never be error-free as long as humans are involved. But the better we are at a) gathering/standardizing (who exactly are the leading sources and what are the discrepancies between them?) and b) pulling behavioral patterns from mounds of seemingly unconnected events – the faster you can place someone in the right house in the right neighborhood, create an incredibly engaging consumer behavior article that drives your advertising value, or show someone where their ideal hotel is for that weekend in Seattle.

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January 31st, 2013

Things to come in 2013

Our Director of Client Services, Jacek Rolnik, recently took some time from his busy schedule to talk about some of the challenges Onboard faces in 2013, as well as some of the things we are doing to improve our products and services.

Jacek Rolnik, Director of Client Services

What is Onboard’s client focus for 2013?

I think if I had to summarize our focus for the year in a few words, it would be “back to basics.” This year we will continue to focus a lot of our energy on improving our core products, systems, and processing – which includes adding in-house resources as well as better aligning tasks and functions with internal skill sets. This includes my team. We are also enhancing our core data offerings by expanding coverage, increasing fill rates, and improving overall quality. The end goal is to provide exceptional service and experience and the most “bang for the buck” for our clients.

What trends are we seeing in the marketplace?

I think real estate is ready to do great business again. I see companies across the board ready to compete and innovate like they did in the past. The “online” real estate experience has changed greatly since we came onto the scene 10 years ago. Where it was previously limited to the website, it now includes an increasingly diverse set of touch-points connecting consumers and real estate companies and professionals. Today, these touch-points consist of websites, portals, tablet and mobile apps, social tools, CRM and lead gen tools, and much more. Consumers want – and expect – to see a similar experience across these channels. At present, I think the real estate industry by and large struggles to effectively deliver a multi-platform, consistent, and compelling brand experience to consumers. I think this is a huge opportunity for our clients and for Onboard. A recent NAR and Google report suggested that now nearly 90% of home shoppers use mobile search for their research and decision making process.

What is Onboard doing now to improve internal processes and content issues?

As I mentioned earlier, a key focus this year will be improving our core content, systems, and data processing. It’s no secret that we’ve experienced some challenges in recent months in the wake of Hurricane Sandy, a major data center move, and other compounding factors. We are definitely getting back on track and improving things along the way – reexamining some internal processes – and in some cases, tearing things down and starting over. We are also building in additional standardization, automation, and quality assurance measures, which we are confident will immensely improve the overall service and value we deliver to our customers. I’m confident in the direction we are going.

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January 30th, 2013

Which Super Bowl team are you rooting for?

Fantasy football is long over and your favorite players are (probably) getting ready for a relaxing 18 holes of golf this weekend, but there are still plenty of compelling reasons to watch the Super Bowl. Ray Lewis’s last game before retirement? The battle for Harbaugh family bragging rights? You can be sure that plenty of Americans will still tune in this Sunday. Which team they will be cheering for, however, is a little more up in the air.

Facebook must have had this question in mind when they recently analyzed NFL fan support based on the number of Likes for each individual team. The map below shows their results:

After this season, I'm starting to question my loyalty to the Jets too.

It’s no mystery that support for each team is strongest in the areas that team plays in, with a handful of teams enjoying much more national popularity (the Cowboys must truly be “America’s Team”). But you might be surprised to see what happens when Facebook looks at national support for the two teams playing in the Super Bowl – the Ravens and the Niners.

There must a lot of Alex Smith fans in the country.

There is a fairly even East-West breakdown, with the Niners strongest in the West and the Ravens strongest in the Mid-Atlantic and the South. But what’s most shocking is the strong backing for San Francisco in the Northeast. Why is there such overwhelming support for the 49ers in a region so geographically close to Baltimore? My guess: all those Patriots fans are still bitter over last week’s loss to the Ravens in the AFC Championship game.

What do you think? Which team are you rooting for in the Super Bowl and why? Let us know in the comments section.

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January 29th, 2013

Inside Onboard: Meet Simona Burbacki

A new year means new goals and challenges for your company, but our new Senior Relationship Manager, Simona Burbacki, is here to help you meet these opportunities head-on. In the latest edition to the Inside Onboard series, find out more about what the advertising and financial services veteran is doing to help you get the most out of Onboard’s products and services, as well as how she still finds a way to play pranks on people with her sister.

"We only succeed if our clients succeed, and that takes more than just satisfying the minimum requirements of a legal contract." -SB

OB: Where are you from and where do you live now?
SB: I am originally from the southern tip of Brooklyn, NY and grew up around Coney Island and then Manhattan Beach. (If you don’t know where that is I just usually say the Russian part of Brooklyn and New Yorkers instantly place it!) After living in Tel Aviv, Israel for a few years I recently returned to NY and currently live in Manhattan’s Lower East Side.

OB: How’s your Onboard experience been so far?
SB:
So far so good! The experience here has been great. It’s been a good learning experience to see how technology is used in the real estate world and how that differs from the areas I’ve worked in in the past (financial and ad serving software).  As a Senior Relationship Manager, my role is to partner with my clients and make sure that they are getting the most out of our services. It’s been really interesting for me to see how I can help support their current needs but also challenge myself to anticipate their future needs as well, even before my clients identify it themselves! The unique position that Onboard has in this marketplace allows for a wider view of what’s happening across competitors and it’s great to be able to provide unique insight to customers that might otherwise not have much access to it. The Onboard team is made up of a lot of great, smart  people who are very committed and focused, but still know how to have fun. It’s been a fun experience getting to know my new colleagues and clients.

OB: Any striking first impressions of the industries your clients compete in?
SB: As a solution specialist/product manager in my previous roles I was very much challenged by demands from financial institutions and media/creative agencies. The advanced level of technology used in both of these industries seems to be much more widely adopted than what I’m initially seeing in the real estate industry. Certainly many of the clients I work with now are very advanced and mindful of the technological requirements they need to compete and differentiate themselves, both from a data/content perspective but also in terms of user and site experience. Nonetheless there seems to be a slower pace of adoption of new, innovative approaches in this industry. There are certainly nuances here to consider before making a big technology investment that you might not have to deal with in other sectors, but the slow moving pace of technology adoption/innovation was certainly new to me.

OB: What is something people may be surprised to learn about you?
SB: People might be surprised to find I have an identical twin sister who looks just like me. That definitely made growing up a special experience for us, and we still find opportunities to trick people when we can!

OB: You have a background in advertising and financial services. What lessons carry over to your current role?
SB: I think in a relationship manager role at any technology  company, many of the same lessons ring true across industries. As a valued partner and provider of services that help your clients excel in their business, you have to really understand the various pain points that not only they are going through, but those of their clients, and of their clients’ clients! We only succeed if our clients succeed and that takes more than just satisfying the minimum requirements of a legal contract.

I found that a lot of recent market trends and adoptions of industry standards in the digital advertising world are very relevant for real estate. For example, before I joined Onboard I was finishing up a GA launch of an analytics tool that tracked “viewability” of digital ads. Up until recently, advertisers would track impressions, which really told you nothing other than the fact that an ad was served to a possible user that happened upon that site. Companies would pay premiums for ad space on sites without really understanding if the ads were actually seen by a potential consumer and who that consumer might be! Now they are waking up to the idea that only those ads that are truly viewable (whether that means that it places above the fold or that the user scrolled down to see it) are worth the investment. I think that for real estate companies that are truly trying to engage potential buyers on their own or on third party sites, they should consider the placement of listings, widgets and all important items that seek to keep eyeballs on their site for as long as possible. Tracking viewability metrics could really help them make cost effective decisions about how they advertise.

OB: What is something you can’t live without as part of your daily routine?
SB: I’d say my family. We are all very close and even though I don’t get to see them as often as I’d like, I check in with 5 family members at least once a day, even when I was living abroad (talk about crazy phone bills!). Beyond that, I’d find it pretty difficult to function without a daily piece of good chocolate, which does nothing for my already failed New Year’s resolution!

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January 18th, 2013

What’s next for interactive design?

Bassett & Partners teamed up with Microsoft to let us know what is next in digital design and how it connects to human interaction. This mini-documentary, featuring a handful of designers with strong ideas on interaction design – getting people to think more about content and less about disparate devices – is worth the watch.

A few standout ideas:

“You give up a lot of control – the luxury you had back in the day where it was one user, one task, one computer – it’s all gone now. It’s much more like you are setting a stage for other people to perform but you can never tell them what to do.”

“Interaction design five or six years ago meant solving or thinking through choreography of information and feedback and interfaces around a product. The big step was going from thinking about it being contained in each of those things to now thinking about it as something that exists across them.”

“It’s understanding that ecosystem where the human is at the center and understanding that network of things and how they work together – rather than your device being at the center.”

With all the discussion about  user experience and putting the customer front and center this year, we hope you can start to think about these things in your strategy. (Not sure where to start? Let us know where we can help.)

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January 7th, 2013

5 new digital buyer insights from NAR/Google

Have you read the joint report from NAR and Google on the digital house hunt? It’s chock full of exploration and Google-provided insights on how consumers are using different combinations of web, mobile, and tablet to find their new homes. Some of the report echoes what we have been saying for years: today’s digital consumer (which includes 90% of those buying homes today) does their homework ahead of time.

What did surprise me from the report was just how much real estate-related local searches have grown. Consumers “switch devices to suit their needs at any given moment” and search carelessly, bouncing back and forth “to look at ratings and reviews, styles and prices, and then search[ing] again.”

Here are 5 insights you don’t want to miss:

  1. Real estate related searches on Google have grown 253% in the past 4 years.
  2. 69% of home shoppers who take action on a real estate brand website begin their research with a local term.
  3. 89% of new home shoppers use a mobile search engine at the onset and throughout their research – wow!
  4. It’s not just Gen Y: 75% of senior home buyers go online to search for a home.
  5. 52% of actions on a real estate brand site directly from a local search on a search engine.

Another point that stuck out is that most internet browsers use multiple sources while researching a home. Is it because they’re not getting what they need from the brand sites? Ask yourself: do you have Community, School, Points of Interest, Neighborhood-level Content, and Home Sales Trends buyers demand? Are they engaged on mobile and tablet with continuity?

Read on below for a great depiction of why you should be thinking about enhancing your brand experience across devices. It might be the best 5 minutes you invest today.

Study Digital House Hunt 2013 01

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January 4th, 2013

Here’s where to eat, drink, and shop at Inman NY 2013

Inman Connect NY, a short few weeks away (Jan. 16-18) has moved over to the East Side this year, sending your normal Times Square conference haunts into history. Onboard’s Points of Interest data and staff to the rescue…

All-star area scourer Mike Seto has made your visit a piece of cake with restaurants, bars, banks, and conveniences in the Grand Central Area. He’s gone as far to find a few 30% deals off to save you money via Savored.


View Inman points of interest map in a larger map

Staff Picks

Osteria Laguna: “Convenient location, excellent food and atmosphere” -Mary Tedawes, Relationship Manager
Num Pang: “Quick and cheap seasonal sandwiches that pack a ton of personality into the typically bland Midtown East” -Yours truly
Park Avenue Tavern: “Can get crowded but great for lunch” -Walter Baum, Sales Manager
The Ginger Man: “One of the best beer bars in the city” – Ira Monko, Implementation Engineer

Let us know where else you’ll be headed if you have favorites in the area!

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January 3rd, 2013

Why are the local experts invisible?

Even better than a New Year's mimosa! Okay...maybe not.

The battle for eyeballs in local real estate search is getting uglier than ever. As real estate SEO strategies become more front and center, the smaller companies are fighting to even get on the first page in a Google world where the top 3 links make up for 60% of all clicks (Google data via AOL).

RealGeeks mention real estate professionals are kicking themselves in the foot – helping the top portals in outranking them through backlinking by placing free widgets on the site (thus exposing the real cost of free).  They go as far as to claim these backlinks are predatory. Via AGBeat:

The linking practices have been in place for years, and Zillow and Trulia have been offering free tools for real estate professionals since their inception, which is quite a brilliant business move, and although it has led to thousands upon thousands of links from agent websites telling Google that Zillow and Trulia are high quality and relevant, it is not exactly the fault of Zillow or Trulia, rather agents who like shiny widgets that don’t read or understand the implications of terms of service they agree to.

Perhaps the most disheartening stat is that Real Geeks’ study revealed that searches of “[city] real estate” (while logged out of Google) with the top 50 metro areas by population, only 30% of page one listings were local sites. Isn’t it a bit backwards that those with true local expertise are badly bruised here in terms of Google’s perceived relevance?

Sure, the big third parties are a) reeling in a ton of traffic to help their SERP game and b) providing a great service by coding and powering an application that resides on your site. Not only is this widget strategy designed to push traffic back to their site, but the supporting SEO module is giving them Google juice. This is analogous to what “brand building” and “traffic pusher” APIs (as our own Pete Goldey calls them in his explanation of API development strategies) are designed to do. Shameless promo sidenote: Our API strategy is a bit different as we give you the blueprint to build your dream online consumer experience, and let you keep all the foot traffic.

APIs aside, the AGBeat/RealGeeks post mentions a few things real estate professionals can do. Here are a few of our own suggestions:

  • Link bank to your own site! Engage with local orgs to keep the traffic flowing back and forth or create relevant content with hyperlocal search terms (use Google’s Keyword Tool to get started)
  • Be careful if you get outside SEO help: no vendor should be able to promise you a number one spot and if they do, you need to look into their BBB and SEO accreditation (like Website Magazine’s top 50 ranking)
  • Fight back with a local SEO content strategy that works for you and minimizes your upkeep, like Onboard’s, which has quadrupled organic search traffic for one of our clients

What are you doing to cast a wider net this year?

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