What data points do you like?

[Account Closed]

BP community,

BP podcast episode #300 featured Tim Shiner (orig. episode #221), who mentioned using schooldigger.com to look for top school districts that influence where he invests. Other than the basic data points (avg. home prices, rental rates, etc.), what are some statistics that influence your decision making when searching for and evaluating investments?

New member,

David 

[Jeremy Taggart]

@Account Closed A big one for me is decreasing days on market. I've noticed a trend among neighborhoods that have revitalized, a common denominator among them is slow and steady decrease in DOM before the prices started to increase. Generally the DOM goes down well before the prices start to increase. This is for the micro of a particular market of course, not looking at markets broadly. 

Also, not necessarily a data point but I like to look for areas where people are starting to renovate and flip homes. This is another sign of an emerging neighborhood.