How to research markets?

[Nathan Weber]

Hi,

I'm trying to figure out the best way to research markets? I don't want to just rely on headlines saying City X is a great place to live.

What data should I be looking at and where can I find it? Additionally what's the best way to learn the different neighborhoods in a city?

Any and all advice appreciated!

[Will Kenner]

@Nathan Weber From your post it sounds like you are trying to buy in an area other than the one you live in, maybe out of state? Is there the option to research the market you already live in or a market you are already familiar with? That is always the best place to start. Otherwise you are at the mercy of second or third hand information, often times misleading and not to the resolution you need to make a sound investment. There could be drastic differences in a market by one or two blocks in a given neighborhood, which you wouldn't know from publicly, mass disseminated information. The best way in that case is to narrow down a geographic area, and call up brokers and property management companies to get the details you need.