Web Application is Free for Instant Deployment to Any Media Website and Displays Historical Foreclosure Activity Down to State and County Level
IRVINE, Calif. – Feb. 24, 2009 – RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, and Caspio, Inc. (www.caspio.com), provider of the leading Web-based point-and-click platform for creating Web applications, today announced the launch of a new foreclosure Web application that features historical foreclosure activity data by state or by county and a real-time nationwide search of properties in foreclosure.
The Web application is available to Caspio online media clients in an elegant search widget that allows end-users to view historical foreclosure statistics for a state or county in a specific month or in all months in a given year going back to 2005. Each month’s statistics will include the total number of properties that received foreclosure filings during the month, broken down by type of foreclosure filing, along with the foreclosure rate and comparison to the previous month and a year ago. Users can also enter any ZIP code nationwide to instantly view active foreclosure properties in that ZIP code from RealtyTrac’s database of default, auction and bank-owned real estate.
“Thanks to Caspio’s extensive network of clients, particularly in the online news media arena, this new Web application will significantly and instantly broaden the footprint of our foreclosure trend data,” said Ari Monkarsh, vice president of business development at RealtyTrac. “Especially in this market, we believe more and more real estate consumers realize the importance of the previously hidden foreclosure market and are interested in historical foreclosure trends as well as active foreclosure properties in their community.”
With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. More than 2.3 million properties received at least one foreclosure notice in 2008, up 81 percent from 2007, according to the RealtyTrac U.S. Foreclosure Market Report, and foreclosure activity is expected to increase into 2009.
Available now for instant deployment, the foreclosure widget is free to Caspio’s hundreds of media clients, most of which already utilize Caspio’s data syndication services for U.S. Census Bureau data and FBI crime reports. Caspio's plug-and-play applications and data syndication widgets provide the easiest and most affordable way for online news media to add hyper-local capabilities to their Website, while offering highly relevant information to local and regional audiences. Today, Caspio powers web applications for more than 70 percent of the top 100 American newspapers.
“Data syndication is a powerful capability of Caspio’s on-demand web application platform”, said David A. Milliron, vice president of Media Services at Caspio. “This partnership enables RealtyTrac to leverage Caspio’s large base of online media customers and data syndication channels to distribute its foreclosure data to millions of people.”
About RealtyTrac, Inc.
Ranked as the third largest real estate site by MediaMetrix and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest-growing private companies, RealtyTrac Inc. (http://www.realtytrac.com/), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal. For more information, visit http://www.realtytrac.com/.
Caspio, Inc. (www.caspio.com) is the world's leading on-demand web application creation platform. The company's philosophy is to empower business users to create and deploy web databases, forms, and applications easily and without programming. Caspio's on-demand platform replaces coding with intuitive point-and-click wizards, enabling users to rapidly produce web database components for capturing, publishing, and managing data online. Caspio shrinks development time from weeks to hours and from thousands of dollars to a small monthly fee. Caspio's customers range from one-person entrepreneurs to Fortune-500 corporations, digital media giants, government agencies, and educational institutions.
Caspio Media Services, a division of Caspio, Inc., offers strategic products and services tailored to meet the needs of newspapers, magazines, broadcast, and other online media. Solutions include the Caspio Bridge wizard-driven framework for rapid database publishing, custom application development, rich community-based applications, third-party integrations such as mapping and data feeds, syndicated databases, reverse-publishing tools, and training services that empower non-developers to quickly capture, publish and manage data online. News organizations can learn more about rapid database publishing with Caspio's platform-as-a-service at www.caspio.com/media.
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Melissa Young for Caspio, Inc.
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