Getting a handle on today's housing market can be a tricky proposition -- with so much in flux and with fluctuating housing prices and an uncertain job market, it can be tough to determine just where your home's value is headed or what trends are in store for any local housing market.
That's where Cyberhomes comes in. We're now offering the Cyberhomes Market Forecast, the first ever consumer report that can show you real estate data for a particular home or neighborhood and graph out where the local market is expected to head over the next 12 to 24 months.
For an introductory price of $3.99, you can get information such as a local 12-month housing forecast; projections of distressed, foreclosure and real-estate owned properties in the area; and loan and assessment information such as assessor market value, loan-to-value ratio and tax delinquency status.
At an introductory price of $9.99, you'll get even more information, including a transaction history for a particular property, a 24-month local forecast, neighborhood lending and sales statistics, average area credit scores and local percentages of distressed homes (e.g., foreclosures) compared to state and national levels.
What's especially helpful in these reports is the information that potential homebuyers can gain about a property they may be looking to purchase. Buyers can review a home's listing price, its assessed value, loans out on the property and delinquent taxes owed. Such information can help a buyer determine whether the asking price is a fair one, and whether the homeowner may be anxious to make a sale.
For homebuyers weighing whether to sell or wait out the housing market downturn, the information in these reports may just what they need to make that choice, by showing them information they may not otherwise be aware of, such as whether there's large foreclosure inventory in the area (which could pull down home prices) and whether there's a surplus inventory of homes for sale that could further weaken home values.—Lauren Baier Kim