Quality local real estate market projections are critical to real estate investors and real estate professionals. To see why local real estate market projections are so important, first let’s look at how stuff works. To better understand how Growth Maps can help lenders and B2B businesses in real-life situations, let’s look at a specific real estate map and underwriting scenario.
How current local information affects your Scenario:
An investor wants to buy a rental property but only wants to put 10% down. The investor has an above-average credit rating and good payment history. With foreclosure rates rising and more former homeowners forced to rent, it would make sense that vacancy rates would be lower and rent should be increasing as supply is absorbed.
However, with increased pressure to underwrite more profitable loans, a lender needs the most accurate value determination and forecast data possible jobs and profits depend on it. Local real estate forecast shows local potential for appreciation. Fortunately, Growth Maps can provide this real-time information and give a lender the confidence they need to make the best loan decision possible in ALL local market conditions.
Not only do we have local block real estate market projections, but also Us Housing Market Forecast. Interestingly, there is very little correlation to a nation housing market forecast to a local housing forecast. Criteria Selection: Just as is the case with the real estate professional, a lender will be able to use the most relevant search criteria possible when using Growth Maps in order to get the clearest picture of current value and potential price movement. You can buy macro housing market forecast at http://www.economy.com/csi starting at $250, but is not there a better option?
Do you know anyone who has ever really purchase an MSA? 2019 Housing Market Forecast is important, but is not 2020 better?
Not only does Growth Maps have Real Estate Market Projections by State, but we also have forecasts on the other 367.000 US markets. For the above scenario, the lender would create two or more Growth Maps using the twelve or twenty four month forecast, to see the short and long-term trend for the area. The forecast maps tell the lender what the lending risk is in each block. Or they could just order a real estate forecasts report.
The difference between the Seattle Housing Market and the Florida Housing Market Forecast is as different as the forecast for downtown Las Vegas to the plains of USA farmlands, that is, there is a HUGE difference. Wilt better real estate technology and local real estate market projections, the investment in real estate, is a click away.
For more information, 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”
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