AIPIS 114 – Daren Blomquist of RealtyTrac Analyzes Geographical Housing Data
Accredited Income Property Investment Specialist (AIPIS) · Jason Hartman
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Show Notes
Crunching the numbers sounds easy enough, but which numbers do you use? National data doesn’t always reflect individual markets and using geographical data isn’t always a telling sign due to widespread changes in Fannie and Freddie’s level of risk. Jason and Daren take a deep dive into analyzing market data and how tagging markets as linear, cyclical and hybrid allow investors to understand good properties based on cash flow and ROI.
Key Takeaways:
[2:20] National data doesn’t always reflect geographic niches
[3:59] RealtyTrac is, at its core, a data company
[6:43] Licensing and re-selling the data to other companies
[8:16] Home sales are at an 8 year high when analyzing 190 markets
[10:38] The homeownership rate helps our clients to analyze markets
[12:30] Analyzing the tax assessor information for rental properties
[14:50] Everything is relative
[18:44] Thinking of real estate markets as linear (boring), cyclical and hybrid
[24:15] A combination of jobs and universities help real estate markets
[28:41] Extend and pretend, or delay and pray markets
[31:24] Market influences are tipping towards introducing additional risk
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