Anyone Used This Market Analysis Tool?

[Rabih El-Khoury]

Have you used this market analysis tool provided by https://www.housingalerts.com/ and if yes, what's your feedback? 

I happened on this site in my quest to build a more robust understanding of how to choose a market to invest in (i'm a turnkey/out-of-state investor). As a former forex trader, i appreciate the value technical analysis brings, and this tool is built on just that. In comparison, the predominant indicators referenced by literature and the BP community on market assessment are driven by a "fundamental analysis" approach. Factors such as population growth, GDP, job sector variety, unemployment rate, crime rate, urban sprawl, housing prices etc. Obviously data around these indicators could help build towards an educated guess of what the market might do in the next 1-3 years. But if you're following a buy-and-hold strategy, I haven't come across compelling evidence/literature that these indicators could project what will happen in 5-7 years, or even 10-12 years, which on a typical 30-year loan, is time when the amortization advantage (on tax break) starts to ease off and its time to sell. The fundamental analysis based on these indicators doesn't generate enough insight--or even confidence--that what's happening in the next 1-3 years will continue for 10-12.

What the inventor of this tool is saying is that technical analysis, through its crunching of tons of data points, can generate an indication of what housing prices will most probably do in the short, mid, and long term (covering 1 to 10 years). As such, it gives the user insight into the housing cycle and by then a indication to buy, sell, or hold. It's very interesting. Another thing about this tool, which i find particularly useful, is that it allows you to search across regions (i.e. Mid West, New England etc.) and tens of cities all the way down to zip code with a few mouse clicks. For someone like me has no geographic preference it saves tons of time drawing shortlists of cities and then reading up on the fundamental indicators. 

This is not an cheap to tool to access to. The entry fee ranges for $900 to $2000 depending on the level of geographic detail you're interested in (state vs. zip code), and the monthly renewal fee hovers around $90. 

If you've used this tool or anything similar to it, i'd really appreciate your feedback. 

Thanks!