WASHINGTON, March 10, 2016 /PRNewswire/ -- The National Association of Realtors®' Center for Realtor® Technology recently participated in Koding Inc.'s 2016 global virtual hackathon and took second place out of more than a thousand teams.
NAR's CRT staff was part of the ChicagoHacksBig team and participated in the visualization portion of the hackathon. The project used modern sensing technology to better understand how residents live and move around in cities; the team created a map visualizing time-series data of 10,000 people in 16 cities moving between 4,500 venues over the course of one evening. Down the line, sensing devices like these could help Realtors® in both commercial and residential real estate to identify the overall health of a neighborhood, not by identifying individual people, but by aggregating data throughout a city.
"Embracing new technologies is an essential part of how Realtors® conduct business, and over the years NAR has invested a lot of time and millions of dollars in developing and building online real estate tools," said National Association of Realtors® President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. "We are so excited to be on the cutting edge of this new technology, demonstrating our organization's commitment to continuously provide Realtors® with the latest and greatest tools available in the industry."
The team's second place prize of $30,000 will be donated to Smart Chicago Collaborative, a civic organization dedicated to helping Chicago residents gain access to the Internet and improving their technological skills. The team also included individuals from Gimbal Beacons, Bank of America, CartoDB, DoStuff app and Groupon.
For more information on the Center for Realtor Technology, visit CRTLabs.org.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.
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SOURCE National Association of Realtors