A system and method for real-time updating of three-dimensional (3D) building models includes receiving a request to analyze building imagery to detect potential physical changes in or around a first building, receiving the building imagery, the building imagery including one or more images of the building, optionally building a first 3D building model (textured or untextured) based on the building imagery, retrieving, from computer storage, a previously stored version of the first 3D building model, comparing, on a region-by-region basis, the first 3D building model against the previously stored version of the first 3D building model, cataloging in computer storage, based on the comparing, changes to the previously stored version of the first 3D building model, where the changes to the first 3D building model represent physical changes to or around the building occurring since a time of the previous stored version of the 3D building model.