Welcome to our weekly blog on helpful tips for PolicyMap. With over 4,000 indicators of data and many features, we hope our weekly tips can help users better utilize PolicyMap. For a complete training, please join a free online session here: Click Here.

Did you know you can overlay geographic boundaries like zip codes, census tracts, or block groups? Click “Map Options” on the bottom right of the map, which will open a panel with boundary choices. Your zoom level will determine which boundaries are available to overlay and some are only available in the Northeast US and Philadelphia.

Map options and list of various boundaries

Sincerely,
The PolicyMap Team

August 14, 2008

Did you know… (Identifier Bubble)

Posted under: Did you know... — Tags: , , , by Phil V. @ 11:49 am

Welcome to our weekly blog on helpful tips for PolicyMap. With over 4,000 indicators of data and many features, we hope our weekly tips can help users better utilize PolicyMap. For a complete training, please join a free online session here: Click Here.

Did you know, you can see the exact value of a shaded area for any data layer you add.  Simply click on the shaded area in the map, which you would like more detail. This identify bubble will display not only the value of the shaded area, but also compare it to its tract, county, city, etc (if applicable).

ID Bubble

Sincerely,
The PolicyMap Team


Quick Links:

  • Learn more about the additional data and features available to subscribers.

New data is now available on PolicyMap:

  • Presidential Campaign Contributions as of June 20, 2008
  • 4th Quarter 2007 Home Sale Statistics
  • Fair Market Rents (FMR) for 2008 by bedroom size: efficiencies, 1 bedroom, 2 bedroom, 3 bedroom, and 4 bedroom units.
  • Area Median Incomes (AMI) for 2008 by family size (1 through 8 person families). Data includes 30%, 50% and 80% of AMI calculations.

Did you know registered users can export ay PolicyMap image as a jpeg? Integrate the power of *where* into your next presentation.

Sincerely,

The PolicyMap Team

Visit PolicyMap now!

www.policymap.com

June 19, 2008

A Closer Look at Philadelphia Home Sales

Posted under: Article — Tags: , , by admin @ 8:23 am

We’ve got new quarterly home sale data in PolicyMap. With block group and census tract level data thematically mapped from 2001 (with quarterly updates through 3rd quarter 2007), subscribers can see how neighborhood housing prices have changed over the long term and how they’ve done as the housing market has started to tumble.

Our home sale data comes from county recorder offices around the country and, as a result, will always be about 6 months behind. These aren’t estimates and they aren’t county or state level statistics; these are real sales, in real neighborhoods - analyzed.

Exploring home sale maps of Philadelphia, for example, allows subscribers to answer questions such as:

“Where did home prices increase the most between 2001 and 2006?”

“Which neighborhoods saw the highest price increases between the 2nd and 3rd quarters of 2007?”

“Which neighborhoods saw prices double between 2001 and 2006 AND continued to experience price increases during the first three quarters of 2007?”

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May 19, 2008

It’s Here!

Posted under: Update — Maggie M. @ 11:33 pm

It’s here! PolicyMap. We at TRF are thrilled to officially launch PolicyMap, a website that combines sophisticated technology and the best analytical tools to deliver a new level of accessibility to data. And we mean all kinds of data – more than 4,000 indicators related to demographics, real estate markets, money and income, education, crime and more.

PolicyMap is a tool for all of you who wished there was an easier way to incorporate the power of data into the decisions you make. It’s fast, efficient and captures data in visually powerful ways through custom maps, tables and reports.

For those of you who don’t know us, TRF is a non-profit community development financial institution that works across the Mid-Atlantic. We’ve spent the last twenty years financing affordable housing, schools, businesses, supermarkets and other projects that build wealth and opportunity for the people and places that need it the most.

At TRF, we have long recognized the need for good data and analysis about neighborhoods and have spent close to a decade collecting and analyzing data to better inform public policy and investment decisions. With PolicyMap, we have the opportunity to distribute and share information more effectively.

PolicyMap uses Pushpin™ technology, a leading platform for professional web applications in mapping, business geographics, and location-based services. Pushpin was developed by Placebase, Inc., a leader in online mapping that creates hosted platforms that display highly sophisticated interactive maps in ordinary Web browsers. Pushpin’s advanced capabilities include availability of large numbers of map layers on tap, display of thousands of markers rather than dozens, and dynamic rendering of shaded thematic maps reflecting thousands of data variables. The technology enables PolicyMap to provide thematic maps that are extremely clear, highly fluid and draggable, allowing users to slide across geographies using their mouse.

Four months ago, we exposed PolicyMap to our close-in colleagues and have spent the time since then making significant enhancements to the site based on feedback from early users. We’ve added new functionality, more data and focused on the look and feel of the site.

We’ve tried to make much of what is in PolicyMap available to the public for free, but also offer subscription options if you are interested in accessing more features and proprietary data (that we aren’t allowed to give out for free).

Register for free now. Jump in and start exploring. Tell us what you like. What needs improvement? We’d love to hear from you. Together, we can unleash the power of data.

Jeremy Nowak and Maggie McCullough

May 18, 2008

Sign Up for an Online Orientation!

Posted under: Support — Tags: , by Phil V. @ 11:24 pm

Interested in learning more about PolicyMap? Sign up for one of our online orientation sessions. Contact us and let us know which of the upcoming sessions you want to attend. We will send you directions for accessing the session when we confirm your attendance.

August

Tuesday, 8/05 @ 2:00 pm EST/ 11:00 am PT

Thursday, 8/07 @ 11:00 am EST/ 8:00 am PT

Tuesday, 8/12 @ 11:00 am EST/ 8:00 am PT

Thursday, 8/14 @ 2:00 pm EST/ 11:00 am PT

Tuesday, 8/19 @ 2:00 pm EST/ 11:00 am PT

Thursday, 8/21 @ 11:00 am EST/ 8:00 am PT

Tuesday, 8/26 @ 11:00 am EST/ 8:00 am PT

Thursday, 8/28 @ 2:00 pm EST/ 11:00 am PT

September

Tuesday, 9/02 @ 11:00 am EST/ 8:00 am PT

Thursday, 9/04 @ 2:00 pm EST/ 11:00 am PT

Tuesday, 9/08 @ 2:00 pm EST/ 11:00 am PT

Thursday, 9/11 @ 11:00 am EST/ 8:00 am PT

Tuesday, 916 @ 11:00 am EST/ 8:00 am PT

Thursday, 9/18 @ 2:00 pm EST/ 11:00 am PT

Tuesday, 9/23 @ 2:00 pm EST/ 11:00 am PT

Thursday, 9/25 @ 11:00 am EST/ 8:00 am PT

Tuesday, 9/30 @ 11:00 am EST/ 8:00 am PT

May 17, 2008

Double Trouble?

Posted under: Article — Tags: , , , , , by admin @ 11:14 pm

Across the nation, 19% of all homebuyers who financed the purchase of a home in 2006 used a “piggyback” loan – that is, they used 2 loans at closing to purchase their home. This is up from 2005, when 17.6% did and from 2004, when 10.5% did. (Note: Our estimates are likely undercounts because they only determine piggybacks where the same lender originated both the first and second loans. Often times, two different lenders are involved.)

These loans, sometimes called “80/20s”, allow homebuyers to cover 80% of the sale price of the home with one loan and use a second loan to cover the remaining 20%. According to a recent TRF study of foreclosures in Maryland, piggyback loans often carry a higher interest rate than the primary loan and will oftentimes have a different term of maturity. Some borrowers may find this preferable as it allows them to avoid private mortgage insurance and purchase a home with “no money down” or to avoid exceeding the limits of the conforming lending market.

While piggybacks made it easier for some buyers to purchase homes, particularly as prices were rising, stories from around the country suggest that as home prices drop and owners struggle to make payments, those with piggybacks are being pushed into foreclosure. These stories suggest that as owners now owe more on their house than it is worth – negative equity - they can’t refinance or sell their home as a way to get out. (See “Piggyback Loans vs. Insurance, Washington Post, March 15, 2008)

For its mortgage foreclosure study in Maryland, TRF created a formula that when applied to Home Mortgage Disclosure Act (HMDA) data, could estimate when piggyback loans were used to purchase a home. TRF then applied this same formula to 2004, 2005 and 2006 HMDA data for census tracts across the nation.

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