The last couple of weeks I have been comparing tracking and chasing the real estate market to learning how to jump rope double-dutch style. Finally, I'm going to show you where to look on the internet to help you do your due diligence when contemplating investing in real estate in any part of the country.
Here are some good sources for market statistics, demographics, and other information that will help you determine which areas would be a financial fit for your investing goals:
In Northern Virginia: http://www.nvar.com/ and click 'Market Stats'.
In Northern Virginia: http://www.MRIS.com/reports/stats and select your report from the drop-down menus
Nationally: http://www.realtor.org/ and click 'Research'
Nationally: http://money.cnn.com/ and under 'Real Estate', 'Best Places to Live', 'Best Places to Retire', and 'Home Prices'
College Towns: http://www.collegerealestate.com/A+collegerealestate.htm
College Towns: http://www.forbes.com/lifestyle/realestate/2004/09/
03/cx_bs_0903home.html?partner=rss, and click the link at the bottom for top areas
I would highly recommend that you create a folder for bookmarks called "Real Estate Investing" and bookmark all of these links.
Also, try to 'salami slice' your investment goals. Set realistic, attainable goals, and work your way up. It's not as hard as you think!
If you have any other links that you'd like to share, please send them. Surrounding yourself with people with the same goals as you, makes it easier to bounce ideas, and network with those who can lend you a helping hand. Look for a local investing group in your area, or perhaps your church.
Now, you have the information you need to know when to jump in and out of the different real estate markets! Are you ready to JUMP IN?
Note: the following link contains sound: