The Real Estate Analysis Company was founded by Lee R. Wedgwood in 1949 as a subsidiary to his real estate firm, Wedgwood, Ltd., Realtors in Wheat Ridge, Colo. The company's Real Estate Sales Data Bank provided real estate sales and property information to realtors, appraisers, attorneys, insurance agents and adjustors, and investors. Information was derived from county tax records, the Multi-List, Rocky Mountain Journal, and every real estate directory published for Denver. The data bank was also used more broadly to define trends in real estate sales. It continued in existence into the 1990s. At the time, the index was purported to cover 98% of the real estate market in the four counties of the metro Denver area: Adams, Arapahoe, Denver, and Jefferson. The data bank was a paper based, real estate research library that fuctioned much like what would be considered an electronic database today.
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