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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As promised, here is the recorded call with former Chief Economist of NAR, John Tuccillo as he explained the impact of the Bailout, the down turn in the economy, and his outlook on things to come for us REALTORS. The call can be watched “Instantly” by clicking the play button below OR you can also download it and play it on your iPOD or other MP3 device.

Tell the world what you think, post a comment on this blog post to share it with the rest of the GoodMorningRealEstate REALTOR community.

Once again a big thanks to John Tuccillo for doing the call and you can find lots of important Realtor related economic news on his website http://johntuccillo.com

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The shocking news of Congress’s failure last week to past the
1st “Bail-Out Bill” caused the DOW to drop  777 points and
erased over 1 trillion dollars in paper wealth.

As a REALTOR, I know the origin of this chaos started within
the housing industry and with the right formula of government
intervention and free market capitalism, it’s going to be the
housing industry that pulls us out of this mess.

We REALTORS are going to be battling the front lines of this
mess and need all the support we can get!

So with my healthy Rolodex of smart and influential advisers
and consultants, I felt the “call to action” to create something
to help my fellow agents sleep better at night.

So this week I’m hosting an economic mastermind call
feautring past NAR Chief Economist, John Tuccillo!

You’ll Learn:

-How did we get here?
-When are we getting out?
-Where will the $700B go?
-How will this impact foreclosures?
-Is the bailout good for REALTORS?
-How does the credit ecosystem work?
-Are all banks bad? Whose our Allies/Enemies?
-Are foreign buyers affected by oil/US dollar?
-Is there a way I can ‘recession-proof’ my business?

*************************************************
Economic Mastermind Call INFORMATION
*************************************************

Day: Thursday
When: October 9, 2008
Time: 8PM EST | 5PM PST
Duration: 70min

To ask John your questions, post a comment on this blog post!

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