Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
The absorption rate – abs rate – is a measure of inventory. How long will it take to “absorb” the current inventory? Below is a chart that displays as a function of comparing the closed and active listings the abs rates of the top 10 subareas by volume of sales over the last 30 days. […]
The R2 for the M2 money supply to median pricing .89. What does that mean? There is a high level of correlation between these data points. More so than interest rates, active number of homes, number of new listings. If you want to see where home prices are going, watch the M2.
Here is the breakdown of the types of purchases year to date in the Pikes Peak Association of Realtors® (PPAR) region. Cash has made up 18% of purchases year to date, VA loans are 27%, FHA is 8% and conventional is 47%. Why does this matter? It informs buyers and sellers and helps them know […]