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App review: Home Value Pro (iPhone only)

by Chicago Agent

Price: Free

How it Works: Home Value Pro touts itself as an on-the-go, user-friendly way to access a wealth of statistics on residential real estate in the country. Features include home values estimates for virtually every U.S. home, housing statistics at the county and zip code level, and trends on home prices, foreclosure rates and sales. The app can also identify pre-foreclosures, auctions, bank-owned and real estate-owned properties.

So if you’ve ever wanted to browse local foreclosures while sipping a latte at the corner Starbucks – or check up on Lincoln Park home values while packed into a rush hour “L” train – Home Value Pro might be for you. This app offers a wealth of data on home values, housing stats and trends, and local pre- and post-foreclosure listings in most U.S.cities.

Benefits: The slick user interface, charts and map overlays deliver useful information in an accessible way

Catches: Like the much-maligned Zillow Zestimate service, the home value estimates are little more than ballpark figures and are no substitute for real appraisal work

Overall: As a free app, this is a solid tool for stat-lovers and foreclosure hunters – just be sure to take the home value estimates with a grain of salt.

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