Print This Article Post Comment Add To Favorites Email to Friends Ezine Ready

How Housing Predictor Broke The Mold

By: Mike Colpitts Home | Business | Marketing


It was a chilly winter day in late 2004 when the idea of Housing Predictor suddenly struck like a lightning bolt. I'd been thinking about developing a website to provide information on the housing market that had not been offered, not just another place on the web to search for homes for sale.

At this point I had developed more than 20 web sites, almost all of which were real estate oriented. Like a lot of people I wondered how long this feverish pitch in the real estate market could keep up before it would come tumbling down. After all real estate has always been a long term investment, and after years in real estate sales and investing I wanted to produce a site that would be informative and helpful for consumers everywhere in the U.S.

Housing Predictor is actually the work of a very small group of dedicated hard working professionals, only a staff of seven. Today it has exploded on the internet to become one of the fastest growing sites in an industry proliferated by thousands of new web sites a day.

I started selling real estate after leaving television news back in 1989 in Santa Rosa, California. I liked selling real estate, but the journalist in me drove my desire and I wanted to delve into the internet to provide helpful information people could use in their decision making process.

Real estate clients would ask me about real estate markets all over the country. I made it my business to learn about them and my interest grew from Santa Rosa to a national scale.

I moved to Spokane, Washington in 1993 to sell real estate. As the number of my investor clients grew and as I gained more investment properties all over the country, I had to make it my business to keep my clients informed and up to date on various local real estate markets. It was then when I found out just how difficult it was to assimilate accurate information that was readily available. I thought long and hard on how to go about changing that.

As a journalist in the newspaper and television industries more than 15 years I always worked diligently to get the facts right, and I thought if I could create a website that could forecast the future of housing markets it would be very valuable for consumers. Not that all forecasts are ever always right, no matter what the economists like to tell us. But I thought at least a good educated view of local housing markets could help people make more informed decisions.

I knew it would be a mammoth undertaking to produce housing forecasts for local real estate markets in all 50 states. So in late November, 2004 the development of what would become Housing Predictor got its start.

At first it was a two man operation and months later we would add a staff to work on the development, including real estate analysts and economists. Housing Predictor was quietly being researched and developed for two years before we would officially launch the site.

We intentionally launched Housing Predictor with little fanfare on November 15, 2006 because we knew we had more work to do to strengthen the site. For the next two months we worked diligently to make things right and make sure the forecasts were as accurate as possible on all 250 local housing markets.

The word was getting out about what we were doing and we gained a following on the web at first from places like Craigslist and MySpace. The traffic was increasing daily. People wanted to not only know about their local housing markets but also about housing markets all over the country. After more than five years of booming real estate appreciation there was great interest.

Housing Predictor is taking on its own personality of sorts. The information it provides is not found regularly elsewhere. My own experience as a real estate investor and selling real estate in California, Washington and in Florida, where I make my home is only a small dimension of how this next generation site was built.

The site also includes The Top 25 market forecasts for 2007, a new housing search center and will soon release the Worst 25 projected markets for 2007. Housing Predictor will also be adding interactive features.

Web sites are a lot like children in the way they are born. They are a lot of hard work. They can be painful at times and everyone takes on their own personality. Housing Predictor is growing it's very own everyday.



Article Source: http://www.eArticlesOnline.com

About the Author:
Mike Colpitts is the Developer and Editor of Housing Predictor, which provides housing market forecasts in all 50 U.S. states. To find your local housing market forecast visit http://www.housingpredictor.com

Tags: , , , , ,

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Marketing Articles Via RSS!

Recent Related Articles From Marketing

  • North West Markets Named To Top Real Estate List
    By: Mike Colpitts | Jul 11th 2007
    Driven by exceptionally strong local economies the Top 10 Housing Predictor buyers markets at the halfway point of 2007 are expanding across the nation from the southern half of the country into the Greater Pacific North-West. Seattle, Washington and Portland, Oregon have been named to the Top 10.

    The Top 10 ...
    Read

  • Real Estate Builders In Baroda - Property Development, Housing Company, Real Estate Companies
    By: Ashok Israni | Nov 4th 2010
    Real estate builders in Baroda, property Development Company, housing company, real estate companies, real estate developers in Baroda offers property investment in Baroda, luxurious bungalows in Baroda. Read

  • The Inflation Premium For Residential Real Estate
    By: Roberto Bell | Mar 28th 2009
    Residential housing does have a cash-saving value, if financed with a fixed rate mortgage. Over time, the growth in income and rents increases the cost of housing for renters. The inflation of housing costs for renters is greatly lessened for homeowners using a fixed-rate mortgage because their housing costs are effectively ... Read

  • Residential Real Estate Investment Value - How Is It Calculated?
    By: Roberto Bell | Mar 25th 2009
    The United States Department of Labor Bureau of Labor Statistics measures the Rent of primary residence (rent) and Owners' equivalent rent of primary residence (rental equivalence). They make this distinction because a house has both a consumptive purpose and an investment purpose. The consumptive value is measured by rent ... Read

  • The Affordability Limit In Residential Real Estate Markets
    By: Roberto Bell | Apr 22nd 2009
    Affordability is the ultimate limit of any asset bubble. If prices are so high that no buyer can afford them, there are no transactions and thereby no market. The fear of many buyers in a financial mania is that prices will remain elevated to the absolute limit of affordability permanently. People who have this fear will pu ... Read

  • Residential Appraisals And Collateralized Debt Obligations
    By: Roberto Bell | Apr 7th 2009
    There are three methods of appraising the resale value of residential real estate: the comparative-sales approach, the cost approach, and the income approach. The comparative-sales approach uses recent sales of similar properties in the market because comparable sales reflect the behavior of typical buyers in the marketplac ... Read

  • Corporate Housing - Interim Housing, Short Term Apartments Amsterdam, Bangalore
    By: Raj Reddy | Nov 9th 2010
    Offers corporate housing, interim housing, short term apartments Amsterdam, corporate housing in Bangalore, temporary rentals in Amsterdam, corporate housing in Amsterdam, corporate housing in Bangalore, corporate housing in Rotterdam by World Fashion Apartments. Read

  • New Orleans Falls In Top 25 Real Estate Markets Forecast
    By: Mike Colpitts | May 7th 2007
    New Orleans, Louisiana, which had ranked as the Top appreciating housing market in the Housing Predictor Top 25 Markets Forecast for 2007 has fallen to fourth position, despite healthy projected appreciation for the year.

    The housing market in Albuquerque, New Mexico is appreciating at a higher level causing ...
    Read

  • Housing Predictor Reports U.s. Real Estate Turn Around
    By: Mike Colpitts | May 26th 2007
    More than half of the nation's housing markets are appreciating or have at least stabilized, according to the latest national assessment conducted by Housing Predictor, an independent information driven web site, which forecasts housing markets in more than 250 markets in all 50 U.S. states.

    Some 56% of the n ...
    Read

  • Residential Real Estate Markets Crumble From The Bottom Up
    By: Roberto Bell | Feb 10th 2009
    The real estate market can be visualized as a massive pyramid. There are very few multi-million dollar properties at the top of the pyramid, and a large number of relatively inexpensive entry-level properties forming the base. Like any structure, if the foundation is weakened, the structure may collapse. In the same way, ho ... Read


Copyright © 2005-2011 eArticlesOnline, LLC - All Rights Reserved
Terms of Service | Privacy Policy