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Leading Market Indicators

Real Estate Indicators

  1. Pricing Trends. Impact: Informs our Offer strategy
    1. Where is the market heading in the past quarter?
    2. What is the year over year difference? Which direction is it heading?
    3. Housing Data Report from realtor.com
    4. Realtor.com Data 
  2. Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time.
    1. How long does it take to sell a house?
      1. https://www.zillow.com/sellers-guide/average-time-to-sell-a-house/
      2. https://www.thebalance.com/how-long-does-it-take-to-sell-a-house-1799050
      3. https://smartasset.com/mortgage/how-long-does-it-take-to-sell-a-house
      4. https://www.inman.com/2017/11/10/5-key-factors-average-time-sell-house-every-homeowner-needs-know/
  3. How many months (or weeks) supply of inventory is out there? 3 months is balanced. At the rate properties are selling, how long would it take us to sell out the current inventory?
  4. Housing Starts
    1. Housing  Starts US Gov
    2. Housing Starts from Trading Economics
  5. Mortgage Default and foreclosure rates: Google: “Foreclosure Data” and “Default Rate”
    1. Realty Trac foreclosure data
    2. AttomData foreclosure data
    3. CoreLogic foreclosure data
    4. Statista
  6. Interest Rates: Impact – Rates determine relative affordability. Can impact sales.
    1. Bankrate
    2. NerdWallet
  7. Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down. 
    1. National Economic Conditions
    2. Unemployment rate
    3. Weekly Jobless Claim Data
    4. UC San Diego Data Center
  8. Construction Costs: Affect our rehab and holding costs, impact our initial offer.
    1. Turner Cost Index
    2. NAHB Economics

Additional Resources