October 23rd, 2019 3:42 AM by Eric Willner
Radio Show Notes 10/21/19 Monday: The Real Estate Show Talks Shares The Secrets To Data Driven Real Estate Investing
Read a summary of the show below or
The Real Estate Show starts this week by sharing some of The Secrets To Data Driven Real Estate Investing. These are the sources that give us a leading advantage to helping our listeners and especially our clients to find the best deals in various markets. The markets are always changing but knowing The Secrets To Data Driven Real Estate Investing allows you to not only stay up to date with the changes, but to even predict them with confidence.
Last week, The Real Estate Show dove deep into “Three most Important words in real estate”. It's a real estate mantra: Location, location, location. You've definitely heard the phrase often and may wonder what inspires agents and investors alike to say the word three times. In a nutshell, location, location, location means homes can experience large increases or decreases in value due to nothing other than their location. It is the number one rule in real estate, yet it is also often the most overlooked. It is also one of The Secrets To Data Driven Real Estate Investing.
Check out last week’s shows for more in depth analysis of the factors involved.
Now let’s talk about the data to zero in on these hot areas to buy and invest.
In the early 1990s—only about 10 miles from the U.S. Capitol—murder rates were published on the front page of the newspaper every day. Washington, D.C. was considered the murder capital of America back then. But the story has changed. Properties that were once valued at only $50,000 are going for $700,000 today, just 25 years later. If watched the data and saw the trends, you could have profited from The Secrets To Data Driven Real Estate Investing in a big way.
Every real estate market has a story to tell, and William Doerner, senior economist at the Federal Housing Finance Agency, wants to help you tell yours with numbers. During a forum on rising home prices at the 2017 REALTORS® Conference & Expo in Chicago on Saturday, Doerner highlighted a helpful tool located at fhfa.gov/hpi(link is external). The site is full of free data and research nuggets, including graphics, interactive maps at ZIP code and county levels, and city rankings. And if you’re a real data geek, you can download FHFA’s Excel files, look up your hyper-local appreciation rates, and play around with the data first hand. You can have direct access to The Secrets To Data Driven Real Estate Investing.
The house price index motion chart and summary tables are especially helpful tools for showing price changes over a set period of time at the state, city, and regional level. For example, if you search all HPI metro area rankings, you’ll find Mount Vernon-Anacortes, Wash., at the top, followed by Seattle-Bellevue-Everett, Wash., and Deltona-Daytona Beach-Ormond third for the second quarter. However, if you look at metro house price index rankings going back to the first quarter of 1991 through today, you’ll find big picture trends putting areas like Boulder, Colo., Denver-Aurora-Lakewood, Colo., and Portland-Vancouver-Hillsboro, Ore.-Wash. areas on the top of the list. That wider angle tells a tale of economic development, migration, income, and pricing. NOw you really get a peak into The Secrets To Data Driven Real Estate Investing.
Another FHFA data story can be told looking at home price variations locally. News stories for the last decade have credited millennials for a renaissance of urban centers. But when Doerner narrowed in at the ZIP code level and removed inflation, he found that “it’s a trend that’s been going on longer.” Properties in downtowns across the country have been consistently increasing in price for the last 25 years, including such areas as Atlanta, Boston, Chicago, Denver, Houston, and Minneapolis.
Click the link at the top of the article to hear today's live show recorded in full and On-Demand.
Imagine what you could do if you knew The Secrets To Data Driven Real Estate Investing and kew how to predict these future trends? Interested in making real estate investing a business?
Then just log on www.automaticlandlord.com and transform your business into the income source you dreamed of. Find out more on today’s episode and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o’clock (EST) on Florida’s Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share our Facebook updates.
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Our other websites:
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90DayFreshStart.com To buy a home when the Banks say No!
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