Critical Real Estate Market Trends has to be current for Real Estate Investors. Without current local market trends and real estate growth data, or statistics on all the variables that affect future price movement, the numbers are no more than that: Numbers.
Numbers alone do not contain local information, only trends and real estate growth data changed is local information. Some critical Local Information that affects prices, is listed below by Growth Maps in our basic interface.
Here’s an example.
Get in your vehicle and drive a quarter-mile in one direction, then a quarter-mile in another direction. There are significant differences in a number of factors that help determine price movement and value within that tiny quadrant
Income growth in past quarter/year
Business and job growth
Supply and demand factors, such as migration
It is these kinds of differences at the micro level that need to be available for lenders, builders and real estate professionals to enable them to make sound decisions. With the Growth Maps technology and local info, you get the best local data, real estate information and latest real estate market trends.
Some people want Free Local Information and Local Data, just remember, you get what you pay for.
Historically, however, the reporting available is not at that level, is often outdated, and does not track the true variables that affect price movement. Particularly down to the block level where everyone has to make individual decisions on individual properties. Local real estate growth data and Information is the key missing data that caused the housing crisis. This growth data is what economics call leading economic indicators. Now let’s assume that someone could gain access to the most timely, relevant and reliable information needed to determine both actual and projected value down to the block level.
Local Government Information Systems or Texas Dot Locations are not the answer, nor is Real Living Real Estate. Nor is a new app or new interface with the same-old data and datasets.
Because of the enormity of the economic and market variables that determine true value, you would practically need to chop down a small forest preserve to even review all that information on paper or be scrolling for days if viewing online. Who could do their job successfully while trying to assimilate all that Local Information? No one
Not only does it boil down to reviewing tons of data from hundreds of different sources, you also need to give the data meaning. And that is exactly what we at Growth Maps do.
For more information, watch our free demo video on our homepage, and download your FREE eBook titled: “What’s Next for Commercial Real Estate Technology: Leveraging Technology and Local Analytics to Grow Your Commercial Real Estate Business” at http://growth-maps.com/free-ebook/
Your comments are most welcome, and I appreciate your feedback.