All Forum Posts by: Rich Goldthwait

chatgpt subscription 

I've been building out a market research tool on my website. It's currently free. The presentation isn't perfect yet, but the data is all there -- you might find it useful. It has a section on housing sales, rentals, and demographics for each market in the drop down menu. The hope is that users can scan through a market in a single dashboard and see if the fundamentals work for them. Would love some feedback if you end up checking it!

https://proptrendiq.com/market-research-tool

It comes down to supply and demand. Demand is created through population growth, income growth, and job growth. Supply is created from new inventory and existing homes going on the market. I like to keep the metrics simple. Make sure demand is going up and supply is limited. You also want to make sure the market is affordable. If you want a quick snapshot of these metrics, I have a market data tool posted on my website that you can check out. 

Limited population growth, but still affordable when comparing median income to median home/rent costs. Price growth was strong YoY. Don't sleep on the smaller (less sexy) markets...less competition there!

Many places in FL are experiencing a market slowdown. Prices spiked after covid and became unaffordable. Builders increased inventory well beyond demand. 

However, based on our data models places like Lake City, Sebring, & Gainesville still have relatively strong metrics. All had population growth over the past year. They are still (somewhat affordable) relative to other areas of the state. And home values are still growing YoY. My assumption is that buyers priced out of the larger markets are migrating to these smaller markets within the state. 

If you want to look for yourself, check out our data tool or reach out!