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Real estate data is everywhere, but what does it mean?

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03/20/2015 | Author: Marty Kramer

We are swimming in data these days.

In real estate, you can find statistics, trends, and numerical predictions on home sales prices, foreclosure rates, housing inventory, commercial real estate absorption rates, mortgage activity, prices per square foot, the value of remodeling projects, and more.

But what do you do with all this information? Are the sources reliable and up-to-date? If the numbers are for your region (or state, city, or ZIP code), do they translate to your neighborhood, that street in that neighborhood, and that exact property on that street in that neighborhood?

Most important of all, what do all those statistics mean to you if you’re getting ready to buy, sell, or lease a home or commercial property?

It’s one thing to look at numbers on a website—quite another to do business in the actual world of real estate. A Texas REALTOR® lives those numbers day in and day out and knows how the data relate to actual properties and real world negotiations. So digest all the real estate data you can find. Then hire a Texas REALTOR® to help you sort it all out and achieve your goals.

Categories: Buyers, Sellers, Landlords, Homeowners, Commercial real estate, Renters
Tags: buyers, sellers, consumers, selling, buying, research, renters, leasing, data, market data, statistics

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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