It’s been very exciting at Cyberhomes over the last few weeks with the launch of our new Market Forecast report. If you’re not already aware, the Cyberhomes Market Forecast is the only report that uses loan data, foreclosures, and defaults to project changes in your local real estate market.
The initial feedback has been great! Recently Holden Lewis over at Bankrate.com said the Market Forecast Report was “like Carfax, but for houses.” Holden went on to say that from the report he learned “the pace of new foreclosures in his area will remain steady over the year, but that the inventory of bank-owned homes will surge. Banks will seize homes faster than they can sell them.”
Also Les Christie, writer for CNNMoney.com, shared that Cyberhomes “introduces an element of logic to a transaction that’s often fraught with emotion.” Sharing that often homeowners act too quickly and causing them to overpay. Having a report like the Market Forecast would give them access to information that could help. Christie says “the market report tells them that prices may be in for a sharp fall and more homes are coming onto the market, they may slow down and make a more informed offer. If, on the other hand, the report shows the market heating up, they may conclude that a quick offer can save them some money.”
