Elizaveta Voloboeva Statistics regarding real estate on a national or even a state and city basis are useful but can be misleading when it comes to a local market.

Respectfully, I'll have to disagree.I've spent most of the afternoon and much of the evening looking (on line) into the neighborhoods that are within my childs school zone...Literally, I've spent almost an entire day on this specific area of my investigation....looking up each and every single neighborhood....As of this hour, there are only two neighborhoods I cannot find information on.The statistics you pulled are certainly interesting...and actually very different than what I would have expected them to be.

The above post has a great list to go on for checking values, but I also like to check out the neighborhood with city-data.com and a couple other statistics sites.

But if there are a lot of buyers (think Phoenix), then the market moves, one way or the other.What surprised me is their indicator predicting twice the price drop of official notary statistics.And their methodology is probably your standard statistics and data mining.

I am composing a business plan and want to add some statistics on number of houses sold, sales prices, etc...

I fell that in the long run you will find it will be a cash flow drain, possibly negative as its more a lower income higher crime area.Though cash flow positive is the goal you can still get positive cash flow if you purchase in the $70k or higher range and you will be in better areas, higher rents which statistically bring better tenants.Other markets like Houston and Dallas are hot right now but their price points are higher so you need to figure out what your looking to spend.If you want to buy super cheap junk you can get that in Detroit and you can also get it in Memphis, you just have to find the right supplier to get you those low quality investments.

Definitely not an expert, but I feel corporations are leaner and more efficient than they have been in years, banks have higher reserves, the average consumer has gotten smarter about debt (at least most of them I know, not sure of real statistics), the guys in charge of the money supply are actually quite intelligent (at least much smarter than me), public employment is dropping while private employment is rising, and while we are spending too much as a nation, more of us seem aware of that and willing to do something about it, especially the younger people I speak to.

I recall reading a statistic a couple years ago that said that 10,000 baby boomers will turn 65 every single day for the next 19 years.

There is no way to predict this behavior or the outcome.If you had 10,000 units under management then you would have enough data to evaluate having statistical probabilities that may be valid.

I will be using the Bureau of Labor and Statistics to see what the economy looks like down there.