CW 574 - Daren Blomquist of RealtyTrac Analyzes Geographical Housing Data

Crunching the numbers sounds easy enough but which numbers do you use? National data doesn’t always reflect individual markets and using geographical data isn’t always a telling sign due to widespread changes in Fannie and Freddie’s level of risk. Jason and Daren take a deep dive into analyzing market data and how tagging markets as linear, cyclical and hybrid allow investors to understand good properties based on cash flow and ROI. The Venture Alliance trip to Newport, Rhode Island was a great success. The speakers who are specialists in their fields were truly informative. The very first Venture Alliance member shares his favorite part of the Mastermind, the hot seat.   Key Takeaways: Jason’s Editorial: [1:26] Upcoming episodes on financing [2:07] Our first Venture Alliance member is on the podcast [5:01] Houses starting at $400,000 on Martha’s Vineyard [9:06] Rehashing the Rhode Island trip [10:21] Hard money, short and long term lending, how it affects your debt to income ratio [14:18] The hot seat is the best part of the Mastermind [16:10] Recreational time is still business time during the Venture Alliance trips [17:44] A discussion is more intimate than a presentation [18:26] The inflation/deflation debate   Daren Blomquist Guest Interview: [20:44] National data doesn’t always reflect geographic niches [22:24] RealtyTrac is, at its core a data company [25:07] We have the ability to license, or re-sell the data to other companies [26:40] Home sales are at an 8 year high when analyzing 190 markets [29:00] The homeownership rate helps our clients to analyze markets [30:54] We analyze the tax assessor information for rental properties [33:37] Everything’s relative [37:32] Thinking of real estate markets as linear (boring), cyclical and hybrid [42:40] A combination of jobs and universities help real estate markets [44:43] Extend and pretend or delay and pray markets [49:44] Market influences are tipping towards introducing additional risk   Mentions: JasonHartman.com Venture Alliance Mastermind RealtyTrac CoreLogic Black Night