Real-time Real Estate Market Data
How’s the market, right now?
The Altos Research Data & Market Analytics Platform™ provides real-time real estate market data for every zip code, city, county, and custom regions for over 100 MSAs and CBSAs (Metropolitan Statistical Areas and Core-based Statistical Areas) across the United States – covering over 15,000 zip codes weekly. Our proprietary platform calculates over 50 different market statistics and measures every week for both single-family homes and condos, with every Monday’s update reflecting market data from the previous Friday – real estate market data in real time!
All market data is also available by via our unique “Price Quartiles,” enabling clients to analyze market trends for any statistical measure by price level in the same city or zip code. Compare top, middle, and bottom market segments to spot key trends and market activity.
Our uniquely flexible Data Services allows clients to specify the market stats and geographic coverage needed, and Altos Research enables a private, secure data feed. Data is available via .CSV file transfer, tab delimited files, XML feeds, or other formats as required. Pricing is customized for every client because you determine which data and how much you need to access.
Housing Market Supply & Demand Analysis
In addition to the standard Median Price measure, Altos Research Data & Market Analytics Platform™ offers a full array of key market indicators by MSA, city, and zip code that are unavailable from traditional data providers on a national scale.
Current Inventory: Until Altos Research, there was no single source to know the number of active listings on the market. In the past, approximating this data required membership to multiple MLS Boards and one-on-one relationships with brokers and agents across the country.
Days-on-Market: Local MLS boards each define this key statistic differently – some stop the clock when a property is under contract, others keep the clock ticking until settlement. Other MLS boards allow agents to relist properties quickly to make stale properties appear fresh and “new.” By individually monitoring on-market properties every week, Altos Research provides consistent methodology across national markets to determine property turnover rates. All properties, regardless of geographic location, are measured with the same consistent methodology to determine time on market.
On-Market Property Price Changes: Altos Research clients not only watch existing price levels, but monitor the changes in prices on a week-to-week basis. They know how many sellers have changed their price with the Percentage Price Decreased/Increased measures, and by how much they have lowered their asking price with Magnitude Price Decreased/Increased measures.
Relistings: Because real estate agents often relist slow-moving properties, Altos Research tracks the percentage of on-market properties that have been relisted each week. This enables clients watch sell-side market activity.
Median Prices of Listings Absorbed and of New Listings: These key metrics indicate how new properties entering the market are responding to market clearing prices on a weekly basis.
Housing Market Forecasting & Modeling
It’s not where the market has been, but where it’s going with seasonal trends, government programs, changing mortgage rates, and systematic market dynamics. Pulling together the unique array of market statistics available from Altos Research allows clients to complete more accurate predictive modeling of housing market activity.
Utilizing some of the key market statistics available only from Altos Research, clients can begin to make more accurate forecasts of future market activity.
For example, forecasting future sold prices is possible by combining:
| Forecast Measure | Altos Research Market Statistics |
|---|---|
| Price Levels | Median List Price; Median Price of New Listings |
| Probability of Price Changes | Percentage Price Decrease/Increase |
| Expected Future Ask Price | Magnitude Price Decrease/Increase |
| Time-to-Sale | Days-on-market; Current Inventory Levels |
Additional analysis is available with Altos Research market data:
| Analysis Category | Altos Research Market Statistics |
|---|---|
| Market Trends by Property Types | Price Quartiles; Single-family homes & Condos data sets |
| Trends by Property Characteristics | Price per Square Foot; Lot Size; Age; Price per Bedroom; Price per Bedroom |
| Year-on-Year Market Changes | Year-on-Year measures of Market Stats (i.e. YoY Price, YoY DoM, YoY Inventory) |
Forecasting the S&P Case-Shiller Index
For investors and traders, Altos Research publishes the Altos Research Real Time Price Index™ and Altos 10-City and 20-City Composite Indices. These measures monitor the same MSAs as those captured in the S&P Case Shiller Housing Price Index (CSI) and the Chicago Mercantile Exchange’s Radar Logic RPX housing futures market. The result is a highly correlated value leading the CSI by as much as 12 weeks or more.
Why wait for a lagging value three months after it happened when you can know right now how the regional real estate markets are reacting to current conditions?
Check out our monthly National Housing Report for a look at these composites and individual market data.
Mortgage Securities & Whole Loan Asset Valuation
The market is changing rapidly. If you own a diversified portfolio of loan assets across different geographies and composed of different types of loans, your real estate portfolio is likely valued differently than it was a year ago. Maybe you have potential write-offs looming. Most institutions have the tools to value a portfolio based on lagging data of past transactions and historical data sets. How can you assess those assets right now? Only by taking a real-time approach to examining local market activity and trends.
Analyzing loans in the context of the local market realities helps uncover fraud, default risk and repayment risk. Only Altos Research provides the pricing trends you need to mitigate those kinds of risks.
For bidders of whole loans portfolios and mortgage-backed securities (RMBS) -- what activity should you take with your portfolio and cash positions for the upcoming business cycle? To answer that, you need to know the current supply and demand trends across multiple regions where these underlying assets are located.
Clients use a combination of custom data feeds from the Altos Research Data & Market Analytics Platform™ and AltosEvaluate ™ – a web application that compares local BPOs of your assets under review against local market trends.
Builders & Developers
For builders or developers, market timing is critical. Housing starts are in flux, but will begin to pick up eventually. But when? By the time your multi-million dollar project is started and ready to go market, you hope that your bet has paid off and that you are facing a buyer's market. To ensure the success of your investment, what kind of research can you do beforehand? How do you avoid waiting too long to start your projects on the books?
Altos Research provides the necessary market outlooks for a particular region, before you break ground. Many of Altos Research's statistics, for example, Year-on-Year inventory changes in the resale market, can indicate price trends as much as a year out into the future.
Observing the trend line for Altos Research's proprietary Market Action Index™ provides immediate visibility on market activity and what the demand curve looks like going forward. Once the building phase has been completed, builders and developers rely on Altos Research data to design specific marketing campaigns and price offerings based on current market conditions.
Consistent Methodology
An outlook that is not just based on one person's subjective opinion, but one that is based on a consistent methodology and insightful statistics, some of which have been previously unavailable on a national scope - like Inventory or Days on Market.
By utilizing data from the Altos Research Data & Market Analytics Platform™, clients are assured that comparative analysis is based on consistent data across every zip code, city, county, and MSA.
Local MLS Boards determine statistical rules and definitions – each working independent from each other nationally. And with 900 boards nationally, data quickly becomes inconsistent and worthless for comparative analysis across national market areas. Altos Research provides the key supply and demand data across local markets that you require for your business and investment decisions.
We’re self-professed data geeks and love to talk about this stuff. Send us an email at info@altosresearch.com or give us a call at 1-888-819-7775 ext. 3 if you want to talk shop with us.