Your Favorite Market Indicators

[Nathan Maier]

When evaluating a potential market to invest in, what indicators do you look at? What weight would you give those indicators. Let's assume a buy and hold / fix and rent strategy of investing. The indicators I have been looking at so far with an associated weight of 1-5 are:

Rent / Value - 5

Population Growth - 4

Recent Job Growth - 4

Future Job Growth - 4

Property Tax - 4

Rent Increase - 3

Home Appreciation - 3

Unemployment - 3

Median Income - 3

Rental Vacancy - 3

Per Capita Real GDP - 2

Median Age - 1

Please post your favorite market indicators and how much weight you give them!