Local Demographics Data and Growth Maps. When it comes to real estate investing, current local demographics data, and real estate growth data, RULES. Local is what influences real estate prices. Ever wonder what are your local demographics growth data, in your Block, Track or Zip Code?
Or wonder why this basic real estate information is not easy to find or on the web? If fact, impossible, other that useless yearly data…
What Local Demographics Data?
Information is important, so is Free Demographic Data Information of any real value? Remember, you get what you pay for. Or is what matters, more Business Demographics?
Let’s take a look. Local Demographics Data, and Some History
Back in the days of the last two housing crisis’s, nearly all local demographics were not taken into consideration. Income growth and migration patterns did not support the rapid rise in real estate prices. OR loosing of banking regulations. Furthermore, with up to 40% of homes being second or third homes, it should have been obvious that speculation was a driving force in the rapid rise in prices. This was not investing.
And yet, even with the then available statistical reporting, a lender, builder or investor could have completely missed the signs of an impending problem until it was too late. Why? ; Because, the statistical reporting available at the time was not reliable, relevant and current and therefore did not have the ability to project price movements and demand.
It was not only limited, but almost non-existent when looking 6 to 12 months ahead. By the time that information would become available, the storm was already raging and it was too late to get out of the way.
So How to Find Demographic Data and
Compare Demographics Data by Zip Code or Block Group or Census Track?
Why no one had or has local demographics is detailed more in my Free EBook.
To survive and even thrive in the months ahead, anyone involved in real estate investments needs the following:
- Top quality information for making wise investments and decisions
- Fast and easy way to access relevant information such as the information provided by Growth Maps
- A means to sort, filter and compare information to find answers to specific investment decisions, fast.
To be sound investments in the future, lending decisions will need to be based not only on what the property is actually worth today, but also on what the property is likely to be worth in the future. This will require access to relevant, reliable and accurate information regarding all aspects of price movement, including these:
Business growth rates
Job growth rate
Long-term housing demand tracks closely with demographic trends like household formation. Lenders will need to assess the true value of a home and predict future price movements or they risk becoming obsolete and bankrupt, because real estate in the 21st century data and growth data will rule and affect risk today, as well as tomorrow.
For more information, watch our free demo video on our homepage, and download your FREE eBook titled: “What’s Next for Commercial Real Estate Technology: Leveraging Technology and Local Analytics to Grow Your Commercial Real Estate Business” at http://growth-maps.com/free-ebook/
Your comments are most welcome, and I appreciate your feedback.