There’s one key housing market factor that leads to home price growth. It doesn’t have to do with interest rates, property taxes, or weather. This single metric is the strongest predictor of your home price rising, staying stagnant, or falling. If you know where this metric is peaking, you can follow a data-driven trail to housing markets that will soon have higher home prices and get in before the masses.
What’s the secret metric we’re talking about?
Well, it’s not so much of a secret. This metric is easy to find online and can help you pinpoint markets with the highest potential for price growth. So, if it’s so easy to find, why isn’t every real estate investor using it? Mainly because most investors don’t know how important this metric is.
But today, we’re showing you exactly how to track where home prices could rise, how to pinpoint the neighborhoods within your market that could experience high price growth, and why this easily available predictive metric may change as the economy shifts.
In This Episode We Cover
The number one way of predicting whether home prices will grow in an area
How this metric strongly influences migration and brings more demand to cities
Where to find this data for free and the easy way to predict home price growth
Trends to start watching now that could foretell which cities will rise (and shrink)
How to find the fast-growing (and stable) neighborhoods to invest in within your city
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
BiggerPockets Daily 1431 - 12 Cities You’ll Regret You Didn’t Invest In 10 Years From Now
Bureau of Labor Statistics
Austin's BiggerPockets Profile
Grab Dave’s Book, “Real Estate by the Numbers”
Jump to topic:
(00:00) #1 “Growth” Metric
(04:01) Could Remote Work Change This?
(08:13) These Jobs Push Prices UP
(11:06) How to Predict Market Moves
(15:45) Trends to Watch
(19:15) Finding Growing Neighborhoods
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-297
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