The question on everyone’s mind is “Which way is the market headed in my neck of the woods?” Cyberhomes may have the crystal ball. It just created a Real Estate Market Forecast report for consumers to help them see real estate value trends in their local market. The idea is to let consumers take advantage of data previously available only to mortgage professionals, such as credit information, loan repayment data, delinquencies, and foreclosures. It’s like pulling the curtain back on the Great Oz.
Get the report your lender uses to determine where the market is headed. Using data on over 40 million loans, in conjunction with 100 million property, ownership, and sales records nationwide, Cyberhomes can show you how and why your home’s value will change in 2009.
It’s simple to generate a Market Forecast Report. Just enter an address.
Cyberhomes’ reports will tell you whether your market is expected to increase in value, decline in value or remain neutral over the next year. Zowie!
You can purchase a summary report for a special introductory price of only $3.99, a mere bag of shells. For those seeking a professional-level, rich analysis, a full-scale report showing all of the details is available for an introductory price of $9.99, the cost of a couple of tall lattes at Starbucks.
Click image below to see a sample of each report:
According to Cyberhomes, Market Forecast Summary includes:
* Overview of the local market direction
* Historical and future projections of distressed, foreclosure and REO properties in the area
* Estimated change in value for the neighborhood and the subject property over 12 months
* Detailed loan and assessment information, including assessor market value, the loan-to-value ratio, tax delinquency status and more
The complete Cyberhomes Market Forecast Report provides a much more detailed picture of the neighborhood, which includes:
* A 24-month value forecast
* Local foreclosure trends and timelines
* Mortgage delinquency and loan deterioration trends
* Historical median sales price vs. volume trends
* Neighborhood lending and sales statistics
* Average area credit scores
* Local percentages of distressed homes compared to state and national levels
* Average local discounts on bank-owned properties
* Risk from exotic loan types in the neighborhood and more
Through its parent company, Lender Processing Services, Cyberhomes has access to more than 100 million property, assessment, ownership, sales and mortgage records, spanning more than 92%t of property ownership records in the United States. The company has also aggregated roughly three million active MLS and broker listings and foreclosure data.
So if you want to glimpse the real estate future, order a Cyberhomes Real Estate Market Forecast Report. Unlike some homes for sale, the price is right.
While the product was designed for consumers, it is quite detailed. I can see real estate professionals ordering them to incorporate into their CMA reports. Perhaps a white label option might be made available.
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