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Updated about 7 years ago,
Best Resources For Watching Real Estate Market Trends
Hello! I'm a new member to BiggerPockets and pretty new to real estate as well. I graduated college a few years ago and I am a CPA by trade, but I plan on pursuing some real estate investing (probably via buy-and-hold/rental property at least to start) in the near future. Just for reference, I'm in Lakeland, Florida (between Tampa and Orlando).
(I apologize in advance if there is already a forum on this, but I didn't see this topic when I did a quick search.)
I was wondering if anyone could give me some insight as to the resources they use to track real estate trends (national or local). I have a financial planning/investments background so I'm familiar with economic reports released by the Commerce Department with data on GDP, inflation, existing home sales, new home sales, housing starts, etc. And it looks like Realtor.com puts out a National Real Estate Market Outlook (as I assume others do annually as well). But I'm wondering what other resources are out there that others are using and at what frequency.
As it relates to local, of course I understand that each market can vary drastically and that the only way I will be able to get an understanding of my market is to dive in and be in the market. But I'm still curious as to whether anyone has a source they use for local (state, county, city) data (aside from local REIA meetings which I am attending).
I have about 5 real estate books I'm going through right now trying to learn as much as I can about investing and other specifics but I'd like to try to gain familiarity with the market as a whole as well.
Thanks!
Leighann