New websites
Schahrzad Berkland
2 Comments
I was on ocRenter's blog today, and came across two new websites you might want to check out.
San Diego Housing Crash blogs about money-losing sellers.
Hardtack, shows the number of homes for sale by state or city. This is very important information. I will probably use their data, combined with public releases of Dataquick sales, to generate a monthly number called "months supply". It just means how many months it would take to sell all the homes currently for sale. We are looking for this number to get lower for several months in a row, before we get back into the real estate market. (We are also checking our foreclosure indicator as a secondary signal).
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Reader Comments (2)
I'm glad you like the Hardtack site. One of the things we have had on our "to-do" list is to create RSS feeds for each particular level (National, Regional, State, etc). Would that help you get the data you need?
I'm kind of a technology laggard, and have not used RSS feeds, I'm embarassed to admit.
This is what you could do to provide a really unique service: also track sales, so you can provide months supply, and foreclosures (not as important).
For those following prices, an increase in sales with declining inventory will indicate prices coming up.
Most analysts, and the public, do not realize that prices are determined by months supply. While they all talk about rising inventory, and falling sales, nobody puts the two together. Kind of amazing, it's right under their faces.
Anyway, by adding the sales data, if that's possible, you can have a unique service that would indicate the bottom of the market.
If you added the foreclosure indicator, then you would provide a confirming signal.
Even if you choose to leave your site as is, it's a great service.
You can always e-mail me, if you want to discuss anything offline, schberkland@sbcglobal.net