Hey guys, not sure any of you remember my ill faded “Market Stats” program I rolled out in 2005 and 2006, but before there was Good Morning Real Estate and all the stuff you see here I was a data junkie researching tomorrow news today for agents and the real estate marketplace.

While my market stats are history (a pun), others like TerraDatum and Altos Research have picked up the ball and ran with some serious analytics for you and the impatient consumer who’s thirsty for info as evident in popular TV show’s like Kendra Todd’s (Apprentice III Winner) HGTV show, “My House is Worth What?”.

So here’s new a scoop worth paying attention too.

Most market data is based on MLS inventory and/or active listing data aggregated from listing websites like Truila and Zillow. When my buddy Reggie Nicolay over at Cyberhomes Facebook emailed me last week about the release of a new report based NOT on market MLS data or Active Listings, but on loan performance, mortgage type, and loan repayment data, being a former real estate “data junkie” I had to bring you a closer look.

So what should you pay attention too?
What should you care about?
For your clients, what to tell them?

These three questions seem to be at the heart of Cyberhomes new “Loan Performance” reports, which really look at the source data that’s fueling the “excessive” inventory in many major metros. It’s a pretty simple equation…

BAD LOAN = FORECLOSURES = MORE INVENTORY

By paying attention to this information you can beat just “guessing” to see when you’re marketplace should being to “exhaust” the fuel of foreclosures.

While I’m not an insider at Cyberhomes to know the nuances of how this data is constructed, I can tell you at the very least if you’re a Real Estate agent, investor, economist, or home owner, this info opens doors to previously “hidden” real estate information.

So check out the site for more details.
http://www.cyberhomesblog.com/press-releases/market-forecast-report/

PS: I snagged a few snap shots of some sample reports, you’ll have to goto there site to get the rest of them, there’s some good one here.

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