Real estate forecasts are super important, if are holding any real estate assets for a year or more, or have any capital at risk. Why? Well not knowing the future, or having a clue as to what affect future real estate prices you your local market or city block is playing with fire. But it takes, more than just accurate local real estate forecasts. Why?
There are over 209,000 Block Group (explained in EBook) http://growth-maps.com/free-ebook/ and a total of over 360,000 USA markets and over 80,000,000 properties. How long would it take to look at the forecasts of each one? Let me know, I started, but gave up, so a rough estimate, assuming one take 30 seconds, and an 8-hour day, is 136 a day. For a 7-day work week, this calculates to 952/week. So to see the real estate forecasts for all 80,360,000 would take over 1,600 YEARS. This is one reason why real estate forecasts must be displayed visually, in Growth Maps.
So, what am I seeing when I look at the Growth Maps and local real estate forecasts?
Real estate forecasts and local markets matter
All real estate is local AND relative and every local real estate forecasts is different as well, and usually different that the local housing market predictions is the nearby block, track, or zip code.
Type in your address or zip code, and the Growth Maps automatically finds your Block. We have an easy to use GIS (Geographic information system) that does this fast and quickly. The Growth Maps system compares the variable you select to its corresponding Metro Market based upon many critical variables such as job growth, or Quality of Life changes.
Real estate forecasts and markets Growth Maps covers
Growth Maps covers practically every Census Block Group, Census Tract, Zip Code, Neighborhood, City, County, and Metro Market in the US. And for practically every area, we provide a local housing market forecast. When we say local, we mean local, and local housing market forecast Census Block Group (Blocks).
There are 209,000 Blocks in the US, and Growth Maps covers them all. Defined by the US government as where there are approximately 300 houses or households or 600 and 3,000 people. Historically, the Block trends are the most important variables to consider when investing and proper risk assessment. Census Tract (Tracts). There are 65,000 Tracts in the US. Zip Codes. There are 45,000 Zip Codes in the US. Neighborhoods – Growth Maps monitors the top 20,000 neighborhoods. Cities – Growth Maps monitors the top 20,000 cities. Counties – There are currently 3,219 counties in the US, and
Growth Maps covers them all. Market. Also called a Metro Market. There are 396 Metro Markets in the US, and typically there is VERY LITTLE correlation of ANY Block information or property data, to the Market. The trick to proper due diligence and risk management is to not just simply look at one of the above areas, but ALL of them, this is what our system does automatically for you, or you can do this yourself by printing out long reports and comparing the 360,000 markets and local real estate forecasts with one another.
Whatever you choose is displayed or taken into account is your custom reports.
Real estate forecasts and variables each time you select a different variable to compare your chosen Block, the maps are dynamically rendered (drawn), so you see the most current relative information. The dynamic color coded map of local housing market predictions also allows you to quickly understand relative changes, which are critical for making informed real estate decisions. With better local real estate forecasts, the investment in real estate, is a click away.
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