When it comes to finding the best sources for housing statistics, real estate professionals find plenty of information from websites like Trulia and Zillow.
However, there is much more valuable information within the World Wide Web than the merger of Trulia and Zillow. Here is a list of seven real estate and title industry resources that will enhance your knowledge and grasp the hearts and minds of any buyer which will ultimately craft more sales and closings in 2015.
1. Since you are already here, we will assume you are familiar with Clear to Close (CTCS) as a robust resource for all your title processing needs, encompassing refinance, sale, purchase, short sale, foreclosure, REO, deed in lieu, relocation, reverse mortgage, and 1031 exchange needs. Make sure you are making full use of CTCS tremendous tools like our education and enhancement events, CTCS blog, or our GFE Calculator by Lodestar just to name a few.
In addition to acquainting CTCS, other ideas and resources exist for the savvy real estate agent and title processors:
2. The National Association of Realtors (NAR) provides a Housing Affordability index, while also breaking down metro areas costs and affordability. Included as well is sales information on both existing and pending home sales. Another invaluable asset is a confidence index that shows how other real estate professionals view the overall market.
3. Neighborhood Scout gives valuable information on local stats like taxes, crime rates and school data. The site also offers a subscription platform that provides printable detailed reports on neighborhoods, including home appreciation rates, crime levels and school ratings.
4. Ellie Mae serves underwriters and mortgage originators with a comprehensive report, the Mortgage Origination Report, which details the average credit score for approved and non-approved mortgage loans.
5. Core Logic is a fantastic resource for analysis, pertinent data, and informative publications.
6. The U.S. Housing and Urban Development (HUD) offers a vast array of information including data on real estate reports and statistics. HUD also publishes downloadable policy periodicals categorized into three journals.
7. The U.S. Census Bureau breaks down demographics and other useful stats according to zip code. It is a great resource to gather valuable data for marketing; ie. Number of veterans located in your area.
Real estate professionals can never have enough information when it comes to selling their main product. Using the above sites could go far in helping sales increase.