Real Estate Growth present and future. Isn’t it interesting, that everyone knows the real estate is location, location, location but when it comes to local Real Estate Growth Information, typically all that professional have access to is property data, with no (NO) real estate growth data information on local housing markets at the Block, Tract, or Zip Code levels. OR ANY level.
Quality Local Real Estate Growth Information the Missing Factor X
Information is the currency of democracy. Thomas Jefferson
We are actually presented with so much information that it has become harder to identify relevant, accurate and reliable information the type of information needed to make a sound investment decision. Either your network, or Real Estate Information Network, Real Estate Questions persist.
Reporting on real estate statistics is misleading in many areas.
Here’s an example.
One of the biggest information voids in the real estate industry is the missing 11 months. Statistics and Real Estate Growth Data Information Statistics are usually presented in June of 2016 vs. June of 2017 format,
So, when you see a headline such as, Home Sales Fall .02%, it means that sales in June of 2016 are .02% lower when compared to June of 2015.
But what happened in the 11 months between those two dates?
Where is the missing Real Estate Growth Information and Real Estate Data?
For us, Growth Maps, and for many real estate professionals, commercial real estate technology is important, but what matters more is the future, and real estate growth, and growth data.
For example of a month by month preview, which again is not quantified down to a micro neighborhood, but culled from statistics based on standard appraisals, which as we have discussed, provide value based on comparables which are only generally comparable, but not necessarily an accurate indicator of the determined values. Existing Home Sales National Association of Realtors. Real estate sales are reactive and NOT leading economic indicators.
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