Recent Articles
Press Release
July 24, 2023
“ince the peak of the housing boom back in June and July 2022, average home prices are down 5%. In the Mountain States and Pacific coast, they are down more than 7%. In Florida, on the other hand, they’ve dropped just 2%.”
Press Release
Vertical IQ Acquires Localized Data Intelligence Experts Local Market Monitor
May 16, 2023
“Industry Intelligence leader Vertical IQ has announced the acquisition of Local Market Monitor, which provides timely assessments and forecasts of more than 300 Metropolitan Statistical Areas (MSAs), 2,000 counties, and 20,000 ZIP codes across the U.S. The asset purchase will include Local Market Monitor’s current employees and customers.”
Inman
What’s the Best Way to Play Real Estate Right Now
June 5, 2020
“It’s difficult to play real estate right now because on one hand, it looks tempting given the low rates, but with social distancing measures still in place and remote networking becoming even more of the norm, what will the space look like and what’s the best way to invest right now? In a Forbes article, Ingo Winzer stressed the importance of keeping in mind that the COVID-19 pandemic shouldn’t be the driving force of real estate investment decisions.”
Inman
What investors are looking for in 2020
January 14, 2020
“You can’t just invest blindly in these places – some still have high unemployment, some have just one big employer (maybe a military base) whose fortunes you must weigh – but in most cases your economic risk is small even if very little growth is taking place,” Ingo Wizer, president of Local Market Monitor, wrote for Forbes.”
Jason Hartman
Creating Wealth Podcast
September 13, 2019
“Jason Hartman is back and talks with Adam today to discuss Fannie Mae’s Chief Economist Doug Duncan’s latest comments about the housing market. Not surprisingly, the huge lack of inventory is making a substantial impact. Jason and Adam break down how big an impact it is, what’s causing it, and if there’s hope on the horizon.
Then Jason talks with Ingo Winzer, founder and president at Local Market Monitor, about how his company is able to analyze 300 local markets and what elements are important for investors to pay attention to when examining markets on their own.”
MReport
Tackling Housing Affordability
January 28, 2019
“A recent article in Forbes by Ingo Winzer, President, Local Market Monitor, revealed that while some markets in California had seen a more stable housing growth, certain California markets, especially those like San Francisco, Anaheim, Riverside-San Bernardino, Oakland, San Jose, and Los Angeles had seen home prices that were 25 percent or more above the income price (a calculated price closely tied to local income). “The reason these markets are so over-priced, of course, is that the local economies have created demand for housing much faster than builders can produce new supply,” Winzer wrote while cautioning investors that while they could still find opportunity in these markets, they needed to carefully check for the risks.”
KJZZ
Renters And Buyers Looking For Affordable Housing In Phoenix Area Go West
January 9, 2019
“Whether buying or renting a home in 2019, economists are warning of a nationwide slowdown in the housing market.
In the metro Phoenix region, renters looking for affordable housing are finding it in the suburbs, according to the national rental app RentCafe.com.
The study, based on rent population increases, shows Surprise, Avondale and Peoria experienced a 33 percent jump or more in the number of people renting properties in the last five years.
Rental rates followed with increases ranging from 36 to 44 percent.
While that’s a steep climb for renters, a separate and ongoing study by Local Market Monitor shows homeowners are benefiting.
But, that could change if housing rates continue to trend upward and job growth stagnates due to a slower economy eroding the demand for housing.”
Crain’s Cleveland Business
For real estate investors, the slow-but-steady markets (like Cleveland) can win the race
January 8, 2019
“Real estate investors should pay close attention to Cleveland.
So argues Ingo Winzer, president of Local Market Monitor, a firm that produces forecasts of home prices, rents and investment risks in markets nationwide, in this piece for Forbes.com that identifies the best markets for real estate investments in 2019.”
Houston Agent Magazine
Real Estate in Brief: Startups fuel home values, the cities on-track for housing boom and more
July 9, 2018
“Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked the top 50 cities by homes valued at or above $1 million.”
Fortune
Why Your Summer House Could Be A Shaky Investment
May 29, 2018
“The bottom line: “Rich people already have [vacation] homes, and ordinary folks aren’t feeling very prosperous,” says Ingo Winzer, founder of real estate consultancy Local Market Monitor.”
Mortgage Professional America
Median price above pre-recession peaks in 54% of metros
April 20, 2018
“Home prices have not just recovered from the housing crisis slump, they’ve exceeded their pre-recession peak in 54% of US metros.
An analysis from ATTOM Data Solutions has found that nationwide the median price of $240,000 in the first quarter of 2018 was less than 1% below the pre-recession peak ($241,500 in Q3 2005) but up 9.1% from the first quarter of 2017.”
HousingWire
Over half of U.S. metros surpass pre-recession peak prices in Q1
April 19, 2018
“In 2018 and in the next couple of years, we’ll see more markets where home prices are entering boom territory,” said Ingo Winzer, Local Market Monitor founder and president. “It’s strange to say after so many years of stagnation, but buyers will want to beware right now in Denver, Miami, the L.A. area, Austin, San Francisco, Tampa and Seattle, where home prices are already 25% higher than they should be.”
ThinkRealty
Top Ten Markets for Long-Term Investing
March 23, 2018
“Changes in home prices give us the best idea of what’s going on in a local real estate market. But you can’t just take price increases at face value and think that bigger is better. Home prices can be increasing at a good clip for three main reasons, two of which are not friendly to investors dealing with rental properties:
At the low end, prices can rebound in a depressed market.
We saw that a few years ago in pretty much every one of the 330 markets that Local Market Monitor follows. The rebound doesn’t last very long, however, unless something has fundamentally changed in the local economy…”
News 6 – Orlando
Orlando named best city to invest in housing for 2018, Forbes says
February 15, 2018
“ORLANDO, Fla. – Orlando was named the No. 1 city in America to invest in housing for 2018, according to a list by Forbes Magazine.
Forbes teamed up with Local Market Monitor to track more than 300 U.S. housing markets. The monitor tracks thing such as population, jobs and home prices.”
The Salt Lake Tribune
Forbes: Utah County 2nd-best place for housing investment
February 7, 2018
“Provo – Owning a home in Utah County is a good investment. The Daily Herald reports the Provo-Orem metro area – which includes much of Utah County – came in second on Forbes’ 2018 list of the best places to invest in housing. Only Orlando, Florida, came in ahead of Provo-Orem. The only other Utah area to make the list was Ogden-Clearfield..”
Springfield News-Leader
Forbes ranks Springfield high on ‘best buy cities’ housing list
February 7, 2018
“Another national study touts Springfield as a good place for would-be homeowners or real-estate investors to buy housing. A Forbes staff writer and a blogger in its unpaid “contributor network” teamed up to generate a list of 20 “Best Buy Cities” headlined “Where To Invest In Housing In 2018.” ”
KUTV
Provo is No. 2 in Forbes report on where to invest in housing in 2018
February 6, 2018
“Provo, Utah – took the No. 2 spot in a Forbes report on where to invest in housing in 2018 with the Ogden-Clearfield market ranking fifth. The 20 cities identified as the best places to invest in real estate were chosen for possessing a rare combination of better-than-average job growth and some runway before homes become overpriced, Forbes reported. Forbes added that it used Local Market Monitor, which tracks more than 300 housing markets. That market data was then analyzed by Forbes contributor and market CEO Ingo Winzer, who additionally reviewed housing indicators and broader growth trends to come up with 20 markets investors can place their money…”
Atlanta Agent Magazine
Atlanta ranks No. 7 on Forbes list of best cities to invest in housing
February 5, 2018
“Atlanta was placed at No. 7 on a list of the 20 best markets to invest in housing in 2018, compiled by Forbes with data from Local Market Monitor. To determine the cities where a buyer is most likely to see a decent return on their investment, over 300 housing markets were evaluated for growth among population, jobs and home prices…”
