Investor · Member since 2018 · 53 posts · 52 votes
What are some good indicators for a growing market? Some indicators I search for are rising property prices and an increase in construction. Are there any others that can help with determining a growing market.
What are some good indicators for a growing market? Some indicators I search for are rising property prices and an increase in construction. Are there any others that can help with determining a growing market.
U Haul trucks. Which direction is cheaper to rent, to the destination or from the destination.
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Looking at its job market, and how many younger people are moving there. If the city is buzzing, and feels exciting when you go to it, chances are the job market will follow.
Major site starts. Large projects now take a decade or more. Find the $b+ projects, economic booms will follow.
I've used this thought process in a lot of my residential development around Scottsdale and it has not wronged me yet.
Always figured that the groups taking on these $1B+ developments have underwriting teams that are far more sophisticated and thorough than I'll ever be. So probably not a bad plan to follow their lead.
7. Cap Rate - Brokers / Appraisers / PMs in your market
8. Personal Preference - Do you want to spend time there? -- Please feel free to DM me with questions!
I second these metrics, but most of those resources have outdated info with a 1-3 year lag. CoStar, Yardi, and IRR are a few resources that have more up-to-date data. They are paid resources, but produce free quarterly reports you can download.