What are the most advanced and local Census Block Group Housing Market Forecast available to real estate investors and real estate professionals today? With the right and enough free and public property data, anyone can create a macro or metro market housing market forecast, but developing a local, block group level local real estate housing market forecast, is a different story.
And as every home buyer and real estate investor knows, local rules, after all, it is location, location, location, right?
Local Housing Market Forecast and Growth Maps
The image below gives you historical and info on local real estate forecast.
The Growth Maps real estate map clearly shows the boom and bust and recovery of Blocks, Tracts, and Zip Codes. This instance has wider swings that what is normal, and used to clearly show that like most things in local real estate, nothing is linear.
And no local market is the same and practically every block within any major city or local metro market is different. And a macro housing market forecast, or Us Housing Market Forecast or Housing Forecast by State or even the Seattle Housing Market Forecast has no (or very little) correlation to the Block Group local housing forecast.
Local Housing Market Forecast vary by Census Block Group
Like median income changes, discussed earlier, local forecasts vary by every Census Block Group and Census Tract. For some, who are not familiar with local data, this may seem at first non-intuitive, since many times, salespeople and the media talks about a simple market, whether or not Los Angles is growing or declining in value by median home price, for example.
But think about it, drive around your local city.
Is the type of housing all the same?
Is the median income all the same?
Is the type of people all the same in every block?
Are the people walking the streets or hanging out, all the same?
Is the crime rate or types of local features all the same?
Of course not!
So how could all the median prices or a housing market forecast be all the same???
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