Jeff Adams Report for Housing Market and Human Factor Data One of the great draws of the housing market for an economist like me is the availability of data. All month, price indices, existing home sales, housing market starts and sentiment surveys take center stage in the estimate of housing market conditions. Economists supplement housing statistics with other economic indicator, like interest rates, job creation numbers or GDP, that give context to the underlying causes of real estate activity.
Listening to economists is a huge way to understand the Real estate housing market. The hallmark of a great real estate agent, as many of you who have bought or sold a home know, is detailed local market skill and insider insights based on connections with clients, day in and day out.
The Agents is the only company that collects and tracks data from its own real estate agents across the country at scale data about the housing market that economists have never had before. Weeks and months then home sales roll up into in public available data, Redfin knows whether home tours or offers made have increased or decreased.
Agent data scientists built an algorithm to identify homes that are likely to sell fast and estimate how many days each home will be on the market. We collect individual insights from Real estate agents to help us understand the stories after the numbers, whether its buyers submitting offer letters in video form or families sacrifice space for an urban lifestyle.
Combining tried-and-true housing market data with the human side of the business is what I do at agent as chief economist. Our data scientists and real estate agents work together to deliver a real-time assessment of what’s going on in the real estate housing market. And in this space, my mission is to give you deeper insight on the economics of the housing market based on real-time activity of 1000 of buyers and sellers around the country (USA).
We collect these types of story in our agent surveys. List data fail to show the condition and worth of homes on the market; we reveal that in tour insights. Our technology helps us make sense of data through the collection and analysis of real-world experiences at scale.
My fascinations with housing it not just about data, but also about the stories from my real estate agent generation and the customers they serve that bring the data to life. Matching our big data globe with real people making the biggest dealings of their lives leads to a treasure trove of topics about which to write.
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