Market Assessment

Hello, I am new here and this is my first post. I am 19 and a full time student. I have been trying to learn more about real estate for the past couple years and I stumbled across this forum tonight and it has been a godsend. I am looking into buying my first house this summer and I have a few questions on the market.

how can you evaluate whether a market is good or bad?
what are the key factors you look at?
where can one find this information?

thanks a lot

Talk to the SUCCESSFUL investors at your local REIA and some realtors that you can trust. These people will know what the market is doing, better than any statistics you find on the internet. Then, you should get a feel for what’s going on locally. Are companies entering or leaving your market. Are people moving into the area or out of the area. How many houses are currently on the MLS and how does this compare to the norm?

Good Luck,


Thanks a lot