It’s Real Estate Market Analysis Month on the Investor Insights. This month, we’ll bring you tips, tricks and ideas for finding the real value drivers in your target markets, realtor tips for analysis and sources to perform analysis.
Let’s start with a review of some places to check in with regularly.
Housing Wire – This site is all about real estate news. It’s a news wire, after all. The good thing about this site is that they give you information as it happens and provide analysis of breaking news from the Fed. You can access mortgage rates, housing price indexes, housing sales data, info on the economy and more.
This section of the National Association of Realtor’s website gives us a lot of data on both residential and commercial properties. You can find answers to questions such as:
- How are commercial rentals performing? Look to the Commercial Real Estate Outlook for the Second Quarter of 2012. You’ll learn multifamily housing is going in favor of the landlord with rents increasing. You’ll also learn that office space is still a tenant’s market. This research report has detailed info for you to use in your presentations and market analysis.
- What are pending home sales looking like? Look to the Pending Home Sales Index for month reports of pending home sales for the previous month. This report also gives you the outlook for the coming quarter and breaks down the trends by region.
- Who should I be targeting in a buyer? The Home Ownership by Age report can give you details on which buyer demographics are most likely to buy. While it doesn’t give you all you need, it could be a good cross reference tool.
The U.S. Housing & Urban Development Research Portal
The HUD Portal has rich research resources including a number of periodicals, including the U.S. Housing Market Conditions, which is produced quarterly. This report gives us data on housing production, marketing, affordability, foreclosures and trends. In addition to a national breakdown, you can find regional and historic data in the report. Each report also takes on a topical issue such as fair market rents. You can also find a number of infographics and other reports here.
This website requires a subscription for much of their localized info, but they have a fantastic blog and several free resources on real-time real estate data. Here are a few highlights:
- Real-time city data – You can enter your city on the home page (larger cities) and receive data about average price trends, market conditions, median price per square foot, average number of days on the market and how competitive the market is (number of homes currently for sale).
- Analysis blog – The How’s the Market? Blog is rich with information on the housing market. You can learn about different cities and national trends and news and how they are affecting the housing market. For instance, this gem of a post breaks down factors influencing the active market inventory.
This article is just the tip of the iceberg on finding market research information. This month, we’ll bring you a host of resources and a step-by-step guide to researching a market. Stay tuned!