Fact is, putting real estate market statistics and mortgage / financial calculators on your real estate blog is hardly innovative, mind-bending stuff. But add them we did”¦
There are countless articles here on Phoenix real estate market stats. LOTS of people want to see real estate market statistics. Understandable. Stats on things like price trends, listing inventory, sales, etc is a good way to get an understanding of what is happening in the market.
Problem is I find it horrifically boring to write about market statistics. And let’s face it, what I write today will be out of date and useless in a few days/weeks/months. Such is the nature of the beast ”“ the real estate market is ever changing.
So what people really need is real time market statistics. Or at least as close to real time as we can get.
Enter The Cromford Report. Mike Orr is a freaking genius, and has put together a real estate statistics package for the Phoenix market that is second to none. I can assure you that agents across the country would love to have something like Orr’s reports available to them. I am way late to the party in finding out Cromford / MLS feature, but I’m now able to incorporate directly into the blog Cromford charts ”“ with user selectable choices in city and/or zip code ”“ that automatically update and stay current. (Hat tip to Phil Sexton and Dru Bloomfield for brining me up to speed).
Just hover over the “Market Statistics” tab in the navigation bar under the header and select market stats by city or zip code.
Mortgage / Finance Calculators
I’ve looked at roughly half a jillion mortgage and finance type of calculators for web sites and never found any I was particularly enamored with. Freddie Mac makes some great ones ”“ they allow input of many variables, and nicely chart and tabulate the results. Problem is, up until a few days ago the Freddie calculators provided no way to enter in a negative number for changes in home value. Yes, shock of all shock, home values do not always go up. Freddie realized the glaring error of their ways and just fixed their calculators. So now we’ve included them here on TPREG. Hover over “calculator” in the aforementioned nav bar and you’ll see calculator options for:
Renting vs. Buying
How much can you borrow
15 vs. 30 year mortgages
Fixed vs. adjustable rate mortgages
As with any financial calculator, these tools provide estimates. Please don’t go basing life-altering financial decisions on a calculator you find here, or any other web site.
Give them a whirl, let me know what you think”¦