Involved In Real Estate · Oakland, CA · Member since 2008 · 141 posts · 25 votes
Operating on the assumption that Projected Job Growth & Population Growth are key factors in determining which U.S. cities may present the best places to invest in multi-family properties, does anyone know of a good, comprehensive, reliable source for such predictions for '08?
Hey Guys
Have you tried www.bestplaces.net. I use that and other websites. I start my research in that order (below):
1. www.trulia.org - Shows the Heat Map and the average price in the city you are looking for properties and neighboring Zip Codes
2. www.bestplaces.net - shows the population, expected population growth, pollution, schooling, spending on schools, job growth, rental vacancy rate, etc. compares with National Average
3. www.ofheo.gov - gives you the complete of list of appreciating and depreciating cities nationwide - Downloadable PDF
4. www.huduser.org - fair market rents - downloadable Excel. Consists of almost all counties across the nation
Yes, I like the Seattle area a lot. Purchased 3 fourplexes in Tacoma a few years ago. Closer in to Seattle is quite expensive. Nevertheless, my question is intended to help me & other investors locate a reliable source of demographic projections and researched data so we can move away from exactly this kind of hearsay and chat ("have you tried" and "I like the ...area."
I couldn't agree with you more. I've been looking for the same data. For California, you can go to CAR.org and check out some of the market data they have, but I'd love to find more. The problem is the last census was in 2000, so all the data I've found is outdated. I heard they are preparing for another census later this year, or maybe early next. However, it will probably take them another year to publish the results :)
Quite right, Jason. Census data from 2000 is pretty useless now & that's why I'm looking for sites that rely on other sources. There must be a R.E. agent/broker out there who knows something about this, wouldn't ya think?
Hey Guys
Have you tried www.bestplaces.net. I use that and other websites. I start my research in that order (below):
1. www.trulia.org - Shows the Heat Map and the average price in the city you are looking for properties and neighboring Zip Codes
2. www.bestplaces.net - shows the population, expected population growth, pollution, schooling, spending on schools, job growth, rental vacancy rate, etc. compares with National Average
3. www.ofheo.gov - gives you the complete of list of appreciating and depreciating cities nationwide - Downloadable PDF
4. www.huduser.org - fair market rents - downloadable Excel. Consists of almost all counties across the nation
Dear RAMSFO,
Thank you so much for turning us on to these sites! I'll definitely check them out. I see you're nearby in Concord. Are you interested in starting up a "side" conversation via email, just to chat about R.E. investing (I'm not a beginner & love to connect to others who are very into this business)?
Hey Weissman
Sure, we can catch up on email. I will go ahead add you to my colleague list. BTW, I am sort of a beginner with RE Investing but yet would like to hear from you and gain more knowledge.
2. www.bestplaces.net - shows the population, expected population growth, pollution, schooling, spending on schools, job growth, rental vacancy rate, etc. compares with National Average
.
I just checked the data from
19040- Hatboro
19038- Glenside
19046-Jenkintown --11.46 percent.
19090- Willow Grove- Home appreciation the last year has been -1.92 percent.
19027-Elkins Park Home appreciation the last year has been -7.58 percent
19006- Huntingdon Valley Home appreciation the last year has been 7.67 percent.
19031- Flourtown -10.41 percent
I do not know why those cities are pretty closed by and less than 30 minutes drive.the home appreciation is quite different.
Jeff, I saw your post while doing some research. The attached website was linked from the Dept of Labor. Hope it is helpful. In addition to other poster's ideas I also subscribe to Expansion Management online mag and Site Selection online mag to keep up with where companies are expanding and relocating to. Marcus & Millichap also have some good resources in their research division.
Would love to discuss commercial RE with you. I do not yet own a MF property but am working towards that goal. Spent the last 7 years developing and buying SF.