The Real Estate Research Website that Found Me

The power of the Internet has yet again blown me away.

Somebody gave me a gracious comment about this blog and in passing mentioned a website that researches on the different real estate areas in major cities (Las Vegas, Dallas, Detroit etc.)  Appreciate the tip  Dean!

This is the story of the website:

The Altos Research Story

".. we simply wanted to know what was happening to property values. But any research we could find at the time was based on old data and tended to be only regionally visible. Years later we can look back and see that property values in Los Altos sank by 20% during 2001 and that they didn't reach their past peak until 2005. But in the middle of '02, who knew? There had to be a better way..."

This is great role model for our us as Joe and I continue to traverse the path of understanding our real estate market just a little bit better.  As you have noticed we have started putting put some real estate statistics (Reno & Sparks Supply & Demand) to help us better understand what is really happening in the Reno-Sparks real estate market.  This we believe is much better way than listening to the 'experts' opinion on our real estate market.

Now the challenge for me is how to communicate the market truths in such a way that people will give it a chance and not readily dismiss it as too complicated.  We passionately believe that studying our real estate market to make better informed investment decisions is not as hard at it may seem. 

Don't give up if you don't understand it at first, understanding the Reno real estate market is very much worth it.  And really, it's not that hard. 

Here's a great report by the Altos Research group.  This report was created with the help of Stephen Bedikian  who  does a marvelous job explaining point by point of what is happening in the major U.S cities:

Altos Research- Real IQ
HOUSING MARKET UPDATE