Commercial real estate technology and Job Growth. To understand the influence of job growth on commercial real estate, we first have to define job growth. So, what is Job Growth? At Growth Maps, Job Growth is an index number. Indexed against all the other 367000 USA markets, detailed in our Free EBook. Job Growth and one of the top 20 variables that influence future commercial real estate prices, and is used in housing market prediction models, and a core leading economic indicators, of future price changes.
We also display job growth in our real estate maps and Job growth and local housing market predictions. The Growth Maps number for job growth is an index number, which indicates the latest new job growth, from the Bureau of Labor Statistics and other vendors.
New jobs, and new job growth patterns at the local block and tract levels change every month and/or quarter and typically are leading indicators for the changes in local housing market values and local housing market predictions
Top 20 variable for local real estate forecasts and risk
Like any other indicator of variable, job growth cannot be viewed in a microcosm viewpoint. Job Growth does affect risk.
Mortgage risk number is a number that represents the possibility that a mortgagor will fail to make timely principal and interest payments in accordance with the terms of the mortgage. Mortgage risk is calculated based upon a proprietary formula that takes income account the latest local economic and demographic changes and other lending variables. Local markets, mortgage risk and local housing market predictions In some local markets, where housing are either under water or incomes are declining, the ability for mortgagor becomes more strained and at risk. The more these trends continue in the local market, the more the local mortgage risk continues, as does the chance of late payments and mortgage risk.
The right way to assess mortgage risk is within the origination process, but currently appraiser do not have access to the latest local changes in demographics and economic variables at the local block or track levels. Since as of today, this residential or commercial real estate technology, does not exist online. Of the 53 CRE firms listed at CB Insights, which one has the latest job growth? NONE – WOW……
Any housing market prediction or local market analysis real estate must take into account other variables listed at Growth Maps and other places, on and off the web.
Typically only sales people talk about job growth as a microcosm, like school districts, but smart consumers and smart real estate will know better with the new Growth Maps technology and local housing market predictions. This is one reason why new and better commercial real estate technology is needed by all real estate brokers and professionals.
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 https://www.growth-maps.com/free-ebook/
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