The forecast report is Really the Perfect Combination, we blend not only the local growth, but our forecast report that covers over 300,000 US markets, and unrivaled in our accuracy and granularity with an accuracy or ±2%.
The Forecast Report is based upon the local market, you select and time period. Make better buying and selling decisions – Increased ROI, sales, & revenues. Optimize your investment portfolios, based upon the latest block-level 36-month forecasts
We are the only company that shows what is growing, and forecasts, with the local growth being in many cases, why the local market will change in the future, with our local price forecasts.
Smart investing and Portfolio analysis
Smart $, never get burned again. Optimize Investment Portfolios – See our White Paper online for more information on of forecasting models.
We let you find the answers. Why! It is because the local growth in population, median income, disposable income, etc. The local growth of leading indicators are typically the core variables that affect risk and prices. So you can not only see what local market variables are growing or declining, but what will be the actual forecast number are in the next 36-months.
Why Local Forecast is so Critical
Typically any large metro market forecast has HUGE errors when compared to any local market forecast. For instance, the metro market of San Francisco had a forecast of 7.1% for a period over the next 36-Months. But the San Francisco metro market has over one thousand (1,000) local markets. We tested and back-tested, forecasts on over 5-year time periods. The range of 36-Month Forecasts during the same time period, the local forecasts ranged between (-16.87% to + 23.54%). Thus the true error of the 7.1% forecast is off by OVER 20% of the local Census Block Group level.
Nearly all major cities of the USA, have over 1,000 local markets and Census Block Groups. Since all major cities have a large population, and the Census Block Group has around a population of 1,000. Local MATTERS!
Many times, any demographic, economic, and forecast at the large city level, has over a 300% error, compared to the local market data and forecasts. To clearly see this fact, is your median income last month the exact same as the median income in your city last month? Or is it different?
Our accuracy and how we compare:
|Percent Covered||24- Month Accuracy||36- Month Accuracy||Monthly updates of local economic data|
|Core Logic||Growth Maps||Core Logic||Growth Maps||Core Logic||Growth Maps||Core Logic||Growth Maps|
A comparison of past predictions against true values over the last 36 months has resulted in an assignment of confidence numbers to Growth Maps forecast. The accuracy ranges from 0.986% to 4.065%. FYI, 4.065% is ~ ±2%.
|Census Block Group Level||Census Track Level||County Level||State Level||National Level|
|Accuracy of 25% of locations||0.986%||0.618%||0.558||0.318%||0.307|
|Accuracy of 50% of locations||1.871%||1.261%||1.088%||0.712%||0.527%|
|Accuracy of 75% of locations||2.426%||2.019%||1.731%||1.099%||0.801%|
|Accuracy of entire set||4.065%||3.608%||2.913%||1.678%||1.279%|
Note, of the 216,062 Census Block Groups in the USA, we remove 1,680 Block Groups. These 1,680 Block Groups have under 100 Households and have had very little population changes in the last 6 years, so we remove them, to increase the overall accuracy of our Block Groups forecasts.
Similarly, of the 72,261 Census Tracts in the USA, we remove 39 Census Tracts, which have had very little population changes in the last 6 years, to increase the overall accuracy of our Census Tract forecasts.
Thus for 50% of the Census Block Groups the error is less, than 1.871% and these Blocks are where a smart investor would invest most long-term capital compared to areas with a higher margin of error. So the Growth Maps system isn’t just telling the future price changes, but also where and when to buy or sell in the future, and leverages a single GUI interface based up the expected changes in prices on ALL core geospatial levels.
Benefits of Accurate Local Market Forecasts:
- Dynamically spot cool and hotspot segments within your or any market.
- Make smarter real estate investments and more profits
- Eliminate the guess work and manual labor to accurate determine current and future home price values
- Real market data not out-of-date market forecasts and stale reports to predict market trends give the investor a competitive advantage
- Discover your true risk and expected ROI, instead of simple single variable linear trends
- Capture the biggest gains in the shortest time by discovering hot local spots in order to get a higher ROI in any market.
- Identify potential sites for your new development in seconds
- Determine the feasibility of the project and location at the block group level
- Market your project to the Commercial Real Estate industry with advanced marketing reports
Single Variable Report
Local Market Forecast Report
Great success takes great planning, data, and prediction. We bring that Power to all real estate professionals.
THE easiest, most reliable and comprehensive source for local market growth and analytics available today. In our competitive and ever-changing real estate local market, knowledge is power, and Growth Maps bring that in a timely and educational manner. Using this information will create educated clients and differentiate you from others in the industry.
Educational Content For Real Estate Agents
If you are hungry to truly know what they’re talking about in any local market in the USA, and to know what is growing, Growth Maps has the answer.
Clients find the most value in is the confidence that we provide in answering some of their toughest market questions. There’s a lot of information out there about real estate, but no current local market data or growth data, and it’s the agent/broker’s job to connect the dots on behalf of our clients, to paint a picture that describes what’s taking place in the real estate market so that their clients can make powerful and confident decisions when buying and selling a home.
We cover all 387 Metros, 3041 Counties, 44000 Zip Codes, 99% Tracts and 99% Block Groups.
Totally, over 320,000 US markets.
So you and your clients can make smarting location-based decisions.