Homes sold off the Multiple Listing Service in 2016 accounted for about one in every four home sales in Phoenix, a market that has proven particularly attractive to the off-market trifecta of pocket listings, iBuyers, and real estate investors marketing directly to distressed homeowners. Many of these disrupters are now expanding to more markets, but are they truly here to stay or merely taking advantage of a hot seller’s market? P1 THE OFF-MARKET HOUSING MARKET Just as the seasons of the year change, likewise do both sales volumes and median prices of existing home closings, explains Ted C. Jones, chief economist at Stewart Title Guaranty Company. Stewart contends that this seasonality — often smoothed out in the form of seasonally adjusted sales and price numbers published in housing market reports — is important information that can be leveraged by both buyers and sellers, particularly at the local level. P13 MY TAKE: THERE IS A SEASON FOR HOUSING SALES AND PRICES Two of the most fundamental human needs are food and shelter, so it makes sense that the availability of food and quality of the food available would impact where humans seek shelter. That applied in an ancient agrarian society where most people grew their own food, but it also applies today when most people get their food from the local grocery store. A big data analysis looks at the impact of three grocery stores — Trader Joe’s, Whole Foods and Aldi — on home values, price appreciation and investment returns. P18 BIG DATA SANDBOX: GROCERY STORE WARS U.S. housing market with the highest pre-mover indices during the second quarter — predictive of strong sales activity in the third quarter — were Colorado Springs, Colorado; Chicago, Illinois; Washington, D.C.; Reno, Nevada; and Lexington, Kentucky, according to the Q2 2017 Pre-Mover Housing Index published by ATTOM Data Solutions. An interactive heat map shows pre-mover trends across the country and in your local area. P19 DATA IN ACTION: WHERE HOMEBUYERS ARE MOVING




Made with FlippingBook Online newsletter