Regardless of the property type, the agent or investor will typically use specific types of data to complete their market analysis. There is information on the property’s location, and then there is information regarding the specific property.
Market data deals with people. Economic, demographic, and lifestyle data is used to help determine the demand for a property. Never thought that economics class would come in handy, did you? As a refresher course, the breakdown works like this:
Economic data refers to data regarding employment by industry. Employment is an important economic indicator, as changes in employment changes demand for real estate. In other words, more people, more buying. Simple, right?
Macroeconomics pertains to the study of the overall economy. The conditions of the national economy can have a direct effect on the local economy. The study of the local economy would be called microeconomics. When industries and services experience a change in demand for their products and services, the area in which the industry is located will be affected.
In simpler terms, supply and demand of people is not enough; there are other factors you must consider.
Learn more by downloading my free ebook!
Our Free eBook Reveals…
- How to get started in Commercial Real Estate
- Office and Industrial Commercial Real Estate
- Terms and Definitions important to successful negotiations/business development
Click below for immediate access to this informative eBook:
infusionsoft.net/?cookieUUID= 8aadfbb0-01e7-4561-8207- 51c97cce8af1&affiliate=0
Be sure to attend our weekly FREE training…
Register HERE for Monday Night Live Investor Agent Training! This weekly FREE training is at 7:00 pm EST Time each Monday.
This link will register you for every scheduled Monday Night Live Investor Agent Class.
Registration URL: https://us02web.zoom.us/
A portion of all our proceeds goes towards the support of the Healing House Foundation. The Healing House Foundation is a 501(c) (3) non-profit public charitable organization. Our main goal is to provide housing for those in need. We seek to assist the homeless, single moms and abused women, wounded and disabled veterans, and those recovering from alcohol and drug addiction.
Attention Investors and Agents
- Are you looking to grow your business?
- Need to connect with aggressive like-minded people like yourself?
- We have all the right tools and the knowledge to properly put those tools to use.
- Visit: http://
globalinvestoragent.com/join-to see what we can offer and to schedule your FREE consultation! gia-team