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How to research your local real estate market - 5 online resources for Sellers and Buyers! - YouTube
Channel: WIRE Associates - Christian Walsh
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As a home buyer, home seller, you know
how easy it is to find homes for sale
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and find people who are willing to
tell you how much your house is worth.
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But what if you want more?
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What if you want real estate market
data, real estate statistics, you want
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to understand where the market's headed
and not just at a national level you
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want to know in your market, or maybe a
market that your going to be moving to.
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We're going to show you in this
video five online resources you
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can use to do research into a local
market and find real estate market
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data trends, statistics, and more
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And make sure you stick around to
the last one, because we're probably
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not supposed to be sharing it.
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It's for real estate agents only.
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Hey there, Christian Walsh real
estate agent with WIRE Associates.
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We give buyers and sellers and
tenants and landlords, the information
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they need to make the best decision
in today's real estate market.
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First easy, obvious one is Google,
but we're going to show you a
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slightly different way to use Google
that some people don't for looking
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for real estate market updates.
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What a lot of people forget is they
actually forget to click on the news tab.
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So when you do that, you're going
to find other resources that you
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can go to, to get real estate news.
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And what you'll do is you'll go
ahead and note these sources.
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So our main newspaper here,
the Orange County Register.
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Has a lot of great information and you
may find that your area does as well.
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Then you're going to
want to take this wider.
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You're going to want to go
from a city into a county.
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And you'll find other sources.
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Southern California, and that would
also be a great search term in
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the news is Southern California.
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We look and region, and even
if you spell, like I do, it's
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going to correct it for you.
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You're going to find local news about
the area and find resources that you
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can turn to, to get local information,
get local market data market trends.
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Next we have realtor.com.
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Now you may be saying,
oh, you're a realtor.
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Of course you love this
site to be perfectly honest.
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I'm not a huge fan of this site.
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We'll go into that at a much later date.
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But what I will say for market
statistics at a local city or
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neighborhood or county level, they
definitely have some good stuff here.
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You're going to go into the buy tab
and you're going to find the Newport
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beach, housing market updates, whatever
you want to type in, in this box, you
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can, so whatever market you're in, or
if you're searching in another area,
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that's, what's great is the national
coverage and it gives you trends.
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On the left-hand side here, you can
see market data going back to three
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years, uh, top schools, et cetera.
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So this is definitely a handy
tool for you in your local area.
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Or if you're researching another
local area, of course they have
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homes for sale, but that's easy
to find it's the data you want.
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And they have a good overview, high
level data that you can dive into.
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The next hot tip for where to search is
a state association of realtors website.
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So literally type in California
association realtors, and you will often
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find at the state level that we're going
to find excellent housing data and it's
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data I've used in a lot of my videos.
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So here we are California
association of realtors.
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You come down here and they
make it publicly available.
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Here our current sales
and price statistics.
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You don't have to be a realtor to get
into the data and be able to see real
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estate market statistics, and trends.
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This is at the state level, you can try
to find a local association of realtors.
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For example, we have Pacific west, we have
Newport beach, Laguna beach, uh, orange
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county or oh, car association realtors.
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But those tend to be geared
only towards real estate agents.
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At the state level, you may find
that that's where you find the data.
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And this is in general.
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I tried a few different states, we find
at the state level that they are sharing
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important data for everybody to review.
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Maybe you've heard of the number
two search website called a YouTube.
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Of course you have.
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This is a great resource for you to turn,
to, to do research into your local market.
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Now it's easy to find YouTubers
talking about the market crashing
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market going on this and that
and getting national updates.
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But what you obviously want
is a more local update.
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We're an example of a YouTuber
also does local updates.
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We have our Southern California
real estate updates every two weeks.
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We're doing those.
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There's plenty of other
YouTubers out there doing that.
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So you're going to want to go ahead and
search at the local level, the city level.
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So put in your city and real estate
market update try county and market real
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estate update try region like SoCal,
like we have try all of those until
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you find somebody you trust and who can
help you understand your local market.
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YouTube is a great resource.
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Thousands of YouTube.
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There's millions of YouTubers out there.
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There's gotta be somebody covering
that local market you're in
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or interested in moving into.
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When you find a YouTuber, you trust
their information, make sure you
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like their content, make sure you
subscribe to their channel and make
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sure you leave comments and interact.
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Now don't tell on me, I'm not
supposed to be sharing this one.
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This is actually for real estate
agents, but it is an amazing resource.
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It's Altos Research.
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They've been doing these reports for years
and they're for real estate agents to sign
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up and pay for, to give to their clients.
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And I encourage you to do that.
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But this data, it is pulled
directly from the market.
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It's some of the quickest data
out there it's so thorough and
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it covers the entire nation.
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So don't tell on me for sharing this, but
I'm going to show you actually, how you
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can get one free report for your zip code.
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I'm going to be interviewing the
CEO, Mike on my channel very soon.
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He has amazing market updates that he
does on his YouTube channel as well.
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I'll link that here's a way
to hack and get as a consumer
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one report for a zip code.
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You're going to go to the link I have,
and you're going to click the run a report
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and I encourage you tell your real estate
agent, they better sign up for this.
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When you hit the run a report,
it takes you to a page that
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shows you your market data.
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It appears to be IP based.
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So it just pulls wherever
you're searching from.
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So if you want to search your local
zip code, you'll be in your zip code.
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And you can go ahead and
run through the numbers.
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Amazing in-depth data.
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It's very fresh brand new data.
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I don't have to wait two
months for Case Shiller.
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It is all right here.
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And you can play with the numbers.
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If you want to search for a different
zip code maybe you're searching
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from work and you went your home
zip or you want to search across
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the nation for another zip code.
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You can do that.
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You're going to enter that zip code.
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And so Chardon where I, I grew up
and now if I enter my information,
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I will get this report every Monday,
it will come to my email inbox.
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You may get a phone call
from Altos research.
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Just give them your agent's
contact information and
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tell your agent to sign up.
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This is an amazing resource.
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The reports come weekly with immediate
numbers, immediate statistics and trends
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that you can use to see what's going
on in whatever market you're tracking.
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Hit that like button if this
has been helpful at all.
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What other online resources do you use
to search for real estate market data?
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Let us know in the comments below,
this was just a quick view of five.
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We know there's a lot more out there.
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And remember we can't give tax
or legal advice, but for the most
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honest and up-to-date real estate
advice, subscribe to this channel.
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And make sure you check out
this next video, we'll put
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a link in the description.
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If you want more information
on understanding this
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crazy real estate market.
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