Friday, February 10, 2017

Photo Copyright Fast Forward Labs

Here's where you can afford to live in 2018

As all New Yorkers know, the real estate market changes quickly, a neighborhood can see drastic price differences from year to year.  That is why Fast Forward Labs created an interactive map that can help you see the estimated price difference for apartments in 2018.  For people looking to buy or sell, it is a great tool to discover what area you should look into.  Dana Schulz at 6sqft explains: 

"Of course these are merely predictions, but they’re based on Fast Forward Labs’ Probabilistic Real Estate Prototype, a system of developing hierarchical models by grouping together observations and studying their similarities. For neighborhoods where less data was available, they filled in the holes by looking at similar areas."

To read more explanation from 6sqft click here.
To see more interactive maps from Fast Forward Labs click 
here