DA-10 - GIS&T and Real Estate

Real Estate GIS concerns all dimensions of real estate that can be better understood or operationalized by knowing its geospatial context. Improving real estate decisions via GIS and related geospatial technologies is now expected by management of all industries, as well as home-renters and home-buyers in the residential market. Real Estate GIS Specialists are individuals who have applied knowledge and skills across the disciplines of business geography, the practice of real estate, and the application of geospatial technologies to support decision making in this realm. There is a good reason why the mantra of “location, location, location” is a long-standing tenet within the business of real estate.
FC-37 - Spatial Autocorrelation
The scientific term spatial autocorrelation describes Tobler’s first law of geography: everything is related to everything else, but nearby things are more related than distant things. Spatial autocorrelation has a:
Positive spatial autocorrelation constitutes the focal point of its past and present; one expectation is that negative spatial autocorrelation will become a focal point of its future.