Pretty generic. There needs to be more data added to be informational i.e., who’s buying the houses, FHA’s, retirees, investors etc.? If it’s hedge funds or Chinese investors, which is happening in a lot of places, that will not help the inspecting community because they are buying up blocks of houses, with cash and no inspections.
It’s next to impossible to have an up to date, finger-on-the-pulse, of who the current home buying market is.
Nope. The data is pulled from our online pre-inspection agreement executions and other data that shows an inspection is actually scheduled. That’s why InterNACHI’s is even more accurate and useful to inspectors (in particular).
The data it actually needs is a scale on the left side and an overlay with at least the previous two years.
Yes, that’s true. And once we have 3 or 4 years, we can create a correction by month. It would be X times the (average of all months over time)/(average of that month over time). That way we could see the graph in terms of historic averages. Anyway, so far, we’ve been able to accurately predict NAR’s leading indicator of pending home sales ahead of them by at least a month. There are Wall Street traders trading on our index. If we call one more month dead on, I suspect traders are going to start joining InterNACHI to access the chart the second it comes out.