Most workers are familiar with talking about productivity when it comes to manufacturing lines, work assignments, and quarterly goals. These same people, however, are not always thinking about productivity when it comes to talking about their investments. The reality is though that everyone who does any kind of investing should be even more concerned about productivity when they are thinking and evaluating their investment decisions.
Whether you are talking about the house that you live in or an apartment complex you own and rent out units, it is important to make sure that you carefully monitor the value of those properties. Knowing, for instance, that you are purchasing your home in an area that has proven to be productive in the past and to continue that performance in the future is an essential part of making sure that you are able to protect the money that you have worked so hard to earn.
Fortunately, when it come to investing in a home or a rental property, there are a number of real estate software platforms that can help measure earning trends. By comparing other similar properties in a given neighborhood or across an entire city, real estate software can serve as a valuable investment tool. Likewise, understanding the value of a comparative market analysis (CMA) report can help real estate investors understand and predict trends. In fact, CMA software for realtors is one of the most valuable resources available in the real estate investment world.
Consider some of these facts and figures about the current market and how realtor CMA software can serve as an advantage:
- Millennials and Gen Yers make up about 34% of home buyers in the year 2017. This is a statistic that is only expected to increase in the coming years.
- $31.8 trillion is the cumulative worth of all the homes in the U.S.
- 56% of buyers 36 years old and younger found their homes online, according to the National Association of Realtors.
- Of the total U.S. housing stock, the 10 most valuable metropolitan areas in the U.S. are worth 36%, $11.3 trillion.
- With median home prices rising 16.9% from $177,000 in 2008 to $207,000 in 2017, the housing market regained some of the loss from the 2008 crash./li>