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Updated 11 months ago on . Most recent reply

User Stats

63
Posts
43
Votes
Joseph Fenner
43
Votes |
63
Posts

What are the best websites to gather economic data for choosing a market?

Joseph Fenner
Posted

I am looking to create a system which will allow me to analyze and choose markets more efficiently.

I want to have a pool of resources/websites that I follow step by step so for example, 1: Check the housing prices, 2: Check the population, 3: Unemployment rate, etc... and then I will pull this data from the websites that provide it and keep going down the checklist. The problem I am having is I don't know if I am looking at the right data/charts and if its even accurate. I want to make sure I am looking at the right thing when choosing a market.

What websites do you guys use to pull economic data and exactly what charts do you look at?

What does your process look like when choosing markets?

What resources do you guys use that you think I should know about?

What do you look for when choosing markets?

What was your biggest mistake when choosing a market?

Most Popular Reply

User Stats

684
Posts
327
Votes
Preston Dean
  • Realtor
  • Fort Worth, TX
327
Votes |
684
Posts
Preston Dean
  • Realtor
  • Fort Worth, TX
Replied

@Joseph Fenner

This website is a good starting point for figuring out areas for in state and out of state investors. Type in the address and use my classification for each score. It takes in account just about everything to give you a livability score. 
https://www.areavibes.com/

Here is my rating & classification for each livability score.

80 and above A+
78/79 A
76/77 A-
74/75 B+
72/73 B
70/71 B-
68/69 C+
66/67 C
64/65 C-
60/63 D
59 and below F

business profile image
UNITED REAL ESTATE | DFW
5.0 stars
61 Reviews

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