DQ News.com is a Great Resource!

Before I moved from Irvine, CA out to Greenville, SC I was frequently reading articles and looking up stats on a website called DQNews.com that's www.dqnews.com the company is called Data Quick.

In fact, I still enjoy looking at DQ News.com because after having lived in California for something like 19 years, I can't help but stay interested in the current real estate statistics in my old neighborhoods.

The best thing about DQ News.com is that it offers hard facts. Numbers! Data! The truth! Like it or not...the numbers don't lie!

You see, for a couple years out there, at the peak of what we'll call the recent real estate boom, I would constantly talk with friends about what I perceived to be an unsustainable, irrational real estate bubble that was skyrocketing out of control. I mean, how can homes in my old neighborhood in Irvine go from $499k to $875k in only a couple of years, while people's incomes stayed relatively flat? Is this reality? Is this something that will last? I didn't think so and I often had lively debates on the topic with my friends and neighbors. I believed a ton of people were living beyond their means, buying homes with low monthly payments via crazy ARM type home loans and using their homes like piggy banks to fuel their consumer behavior. I also believed the entire crazy situation was a time bomb and the party would be over and home values would drop! Hmmm, was I crazy? Was I wrong?

The funny thing is that I had an opinion, they had an opinion, everyone had an opinion! None of it meant very much at all. But, when you look at a website like dqnews.com and pull up the LA Times Zip Code Chart on the left side menu...you've got hard, cold stats to look at! When you pull up the Orange County Register Zip Code Chart from the left side menu...you've got hard, cold stats to look at! I love it! The numbers are there in black and white. Some areas are up and doing well, while certain areas ares are down and you can quantify it intelligently.

Suddenly, all those opinions we all had don't carry much weight if they're in conflict with the trending data! 

Their site is growing with quarterly reports provided for Atlanta, Portland, Seattle, Las Vegas, Denver, Phoenix, Honolulu, Nashville, Chicago, Jacksonville and Miami/Palm Beach.

I consider dqnews.com an invaluable resource for a factual review of current and trending data in various real estate markets. Hopefully they'll continue to grow and cover more major metro areas.