Radical Raters VIII - By Chris Halliwell

House Pricing and Data Scraping 21.10.2024

I Want to Buy a Hous

Initial Journey 

RR VIII.pdf

Download PDF • 1.07MB

Key Topics

• Insurance Pricing at ERS

• Personal Auto Insurance Pricing at Avantia

• Specialist Home Data Science at eSure

Initial Journey

• Focus on insurance pricing strategies

• Importance of data in personal and home insurance sectors

Housing Market Insights

• Information Imbalance

• High Transaction Costs

• Illiquid Assets

• Market Frictions

Data Acquisition Strategies

• Aggregators: Sold vs For Sale Data

• Features to consider:

  • Air Quality

  • Crime Rates

  • GCSE Results

  • Risk Data

  • Indices of Deprivation

  • Schools

  • Social Integration

  • Proximity to Supermarkets

  • Train Stations

Technological Tools

• Web Scraping

• ChatGPT for data analysis and insights

Market Trends

• Average homeowner tenure: 16.8 years in the UK

• Time from listing to sale completion: 3 to 6 months

• Detached houses sell in an average of 57 days

• Flats typically take longer to sell

82 days