The Redfin Opportunity Score Helps You Discover Commuting Opportunities
Alyson Wyers — July 28, 2016 — Lifestyle
References: labs.redfin & springwise
This city rating tool helps users find opportunities in housing, jobs and public transport-based commutes. The Opportunity Score from Redfin gives cities a score that judges American metropolitan areas based on the availability of jobs paying $40,000 a year or more, within a 30 minute public transport commute.
Redfin's Opportunity Score was created as part of the White House Hackathon and indicates the important role public transportation plays for families who are unable or unwilling to rely on driving to get to work. The city rating tool also takes house pricing and rental rates into account when offering its scores.
This comprehensive analysis means the tool will appeal to a wide variety of age groups.
Redfin's Opportunity Score was created as part of the White House Hackathon and indicates the important role public transportation plays for families who are unable or unwilling to rely on driving to get to work. The city rating tool also takes house pricing and rental rates into account when offering its scores.
This comprehensive analysis means the tool will appeal to a wide variety of age groups.
Trend Themes
1. City Rating Tools - New city rating tools like Redfin's Opportunity Score are disrupting the real estate industry by helping users find affordable and convenient housing that aligns with their desired commute.
2. Public Transportation - Public transportation companies have the opportunity to disrupt traditional commuting patterns by partnering with city rating tools like Redfin's Opportunity Score, which highlight the importance of public transport for families who are unable or unwilling to rely on driving to get to work.
3. Housing Market Analysis - The Opportunity Score's comprehensive analysis of house pricing and rental rates presents an opportunity for real estate companies to tailor their offerings to the needs of specific age groups that prioritize different factors when it comes to finding a place to live.
Industry Implications
1. Real Estate - The Opportunity Score is a disruptive city rating tool for the real estate industry, providing a more comprehensive analysis of city ratings that includes housing, job opportunities and public transportation-based commutes within a 30 minute limit.
2. Public Transportation - Public transportation is an industry that can potentially disrupt traditional commuting patterns by partnering with city rating tools like Redfin's Opportunity Score, which highlight the importance of public transport for families who are unable or unwilling to rely on driving to get to work.
3. Data Analysis - The Opportunity Score's use of big data presents an opportunity for companies in the data analysis industry to provide insights into city living patterns and trends that can inform innovations in real estate and public transportation.
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