NEW YORK, Jan. 13, 2014 /PRNewswire/ -- Real Estate
Connect – On the eve of the 2014 Real Estate Connect
Conference, the leading traffic information and driver services
provider INRIX and global real estate franchisor announced a
collaboration that will make Remax.com the first national real
estate brand website to give prospective homebuyers the ability to
identify and compare home listings based on preferred commute times
rather than distance to work.
The new search tool called INRIX Drive Time™ provides
consumers with an easy, visual means to find all homes for sale
within a specific drive time between respective properties and
their work address, schools or other important locations based on
typical travel times at rush hour and throughout the day.
"Buying a home is the single largest financial decision most of
us will ever make and drive time is a quality-of-life issue to
buyers. For many, it's as important as the neighborhood and good
schools," said RE/MAX Technology Strategy Officer John Smiley, "INRIX is the perfect choice to
provide drive time data since leading automakers, news media and
governments already rely upon them for vital traffic information.
We're taking the guesswork out of one of consumers most important
purchase criteria – their commute."
According to the National Association of REALTORS®, 73 percent
of all homebuyers consider drive time to work a key purchase
criterion. Additionally, the U.S. Census Bureau's 2013
American Community Survey found 88 percent of American commuters
travel to work by car. More than 600,000 of those commuters
face commutes of at least 50 miles from home taking at least 90
minutes each way.
Remax.com will bring INRIX Drive Time to customers in all
50 states beginning with New
Jersey in the first quarter of 2014. To determine
drive times using this new feature, potential homebuyers simply
enter the addresses of the locations most important to them as part
of their search criteria. The tool automatically shows
neighborhoods and properties that meet their desired travel
time.
"In a world measured in miles, we measure it in minutes," said
INRIX General Manager of GeoAnalytics Kevin Foreman. "Using
INRIX Drive Time, RE/MAX is able to help agents better serve
clients with insight invaluable to consumers' pursuit of the
perfect home."
INRIX Drive Time is powered by traffic information
sourced from the INRIX Traffic Intelligence Platform, which
analyzes data from a variety of public and private sources ranging
from government road sensors, official accident and incident
reports to real-time traffic speeds crowd-sourced from a community
of approximately 100 million drivers. INRIX analyzes of traffic
speeds also factors in impacts common to the day of the week,
season, local holidays, current and forecasted weather, accidents
and road construction giving drivers insight that helps them save
time, fuel and avoid frustration every day.1 INRIX
real-time traffic information is refreshed every minute then
archived into an historical database updated every 6 weeks ensuring
RE/MAX always has the most current drive time information .
1 INRIX real-time traffic information has
been found accurate within 3 mph of actual traffic speeds under all
driving conditions 24 hours a day, 7 days a week. Source: I-95
Coalition Validation of INRIX Data Summary Report.
About the RE/MAX Network
RE/MAX was founded in 1973
by Dave and Gail Liniger, with an
innovative, entrepreneurial culture affording its agents and
franchisees the flexibility to operate their businesses with great
independence. Over 90,000 agents provide RE/MAX a global reach of
more than 90 countries. Nobody sells more real estate than
RE/MAX.
RE/MAX, LLC, one of the world's leading franchisors of real
estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc.
(NYSE:RMAX).
For more information about RE/MAX, to search home listings or
find an agent in your community, please visit www.remax.com.
About INRIX
INRIX is one of the fastest growing big
data technology companies in the world. The company leverages
big data analytics to reduce the individual, economic and
environmental toll of traffic congestion. Through cutting-edge data
intelligence and predictive traffic technologies, INRIX helps
leading automakers, fleets, governments and news organizations make
it easier for drivers to navigate their world. Our vision is simple
– to solve traffic, empower drivers, inform planning and enhance
commerce.
Whether through an in-car or smartphone navigation application,
a local newscast or our INRIX Traffic app, our up-to-the-minute
traffic information and other driver services reach more than 150
million drivers to help them save time, fuel and frustration. INRIX
delivers traffic and driving-related insight, as well as
sophisticated analytical tools and services across six industries
covering nearly 4 million miles of road in 37 countries. For more
information visit us at www.INRIX.com.
SOURCE INRIX