Home Ownership in Chicago>Question Details

Trulia Chica…, Other/Just Looking in Chicago, IL

What is the best way to perform fundamental analysis sitting at home?

Asked by Trulia Chicago, Chicago, IL Wed May 15, 2013

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Dear Trulia Chicago,

Here is another one of those interesting questions posed by you and can be answered a variety of ways.

In any case her is what I think. A homeowner can first reach out to websites like Trulia to get a basic idea of what his or her home value is. The downside is Trulia does not scrub their data as diligently as MRED does for Realtors. Depending on the homeowner’s goal, I would reach out to a broker in the area and ask him or her to run CMA (based on similar properties) giving the average list price, sold price, and average time on the market. The data provided to Realtor from MRED is the most reliable data and is updated on a daily basis.
1 vote Thank Flag Link Thu May 16, 2013
Look at Local Employment, Consumer Confidence, Disposable Income Figures, etc and make a determination if the homes in your area are affordable.
0 votes Thank Flag Link Wed May 15, 2013
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