IRVINE, Calif., May 17, 2018 /PRNewswire/ -- ATTOM Data
Solutions, curator of the nation's premier multi-sourced property
database, today released its Q1 2018 Pre-Mover Housing Index, which
shows that the highest pre-mover index in the first quarter of 2018
— predictive of a high percentage of homeowners moving in the
second quarter — was in Nevada
(200), followed by Delaware (163),
Florida (159), Colorado (154) and Virginia (149).
Using data collected from purchase loan applications on
residential real estate transactions, the ATTOM Data Solutions
Pre-Mover Housing Index is based on the ratio of homes with a
"pre-mover" flag during a quarter to total single family homes and
condos in a given geography, indexed off the national average. An
index above 100 is above the national average and indicates an
above-average ratio of homes that will likely be sold in the next
90 days in a given market (see full methodology below).
Metros with highest pre-mover index led by Colorado Springs
Among 118 metropolitan
statistical areas analyzed for the report, those with the highest
pre-mover index were Colorado Springs,
Colorado (280); Manchester-Nashua,
New Hampshire (213); El Paso,
Texas (213); Washington,
D.C. (208); and Orlando,
Florida (201). Rounding out the top 10 metro areas with the
highest pre-mover indices were Tampa-St.
Petersburg, Florida (200); Las
Vegas, Nevada (199); Charleston,
South Carolina (198); Nashville,
Tennessee (185); and Jacksonville,
Florida (184).
"The pre-mover index provides insight into which markets are
poised to see a high percentage of homeowners moving this spring
and which markets are likely to see a high percentage of homeowners
staying put," said Daren Blomquist,
senior vice president at ATTOM Data Solutions. "Markets with a high
pre-mover index tend to be in areas where homes are still somewhat
reasonably priced and have a growing job market, allowing for
greater upward mobility. Markets with a low pre-mover index tend to
be in areas with a struggling job market or with home prices that
are out of reach for the average wage earner."
Metros with lowest pre-mover index led by Cleveland
Among the 118 metropolitan
statistical areas analyzed for the report, those with the lowest
pre-mover index were Cleveland,
Ohio (46); Rochester, New
York (48); Boston,
Massachusetts (49); Pittsburgh,
Pennsylvania (51); and Providence,
Rhode Island (53). Rounding out the 10 metro areas with the
lowest pre-mover index were Detroit,
Michigan (54); San Jose,
California (60); Naples,
Florida (61); Tulsa,
Oklahoma (62); and Grand Rapids,
Michigan (63).
Counties with highest and lowest pre-mover
indexes
Among 314 counties analyzed for the report, those
with the highest pre-mover index were Henry County, Georgia in the Atlanta metro area (313); El Paso County, Colorado, in the Colorado Springs metro area (304);
Jacksonville County, North
Carolina (299); Spotsylvania
County, Virginia in the Washington, D.C. metro area (296); and
Osceola County, Florida, in the
Orlando metro area (291).
Among those same 314 counties, those with the lowest pre-mover
index were Erie County, New York,
in the Buffalo metro area (34);
Sedgwick County, Kansas, in the
Wichita metro area (36);
San Mateo County, California, in
the San Francisco metro area (40);
Wayne County, Michigan, in the
Detroit metro area (40); and
Queens County, New York (42).
The average value of homes sought by pre-movers in the top 10
counties with the highest pre-mover index was $269,766 while the average value of homes sought
by pre-movers in the top 10 counties with the lowest pre-mover
index was $404,621.
Pre-Mover Index Heat Map by County
Highest share of investment property pre-movers in
Memphis, Santa Rosa, Indianapolis
Nationwide 5.3 percent of
all homes with a pre-mover flag in Q1 2018 were being purchased as
an investment property. Among the 118 metro areas analyzed for the
report, those with the highest share of pre-mover investment
properties were Memphis, Tennessee
(21.4 percent); Santa Rosa,
California (13.9 percent); Indianapolis, Indiana (12.7 percent);
Trenton, New Jersey (12.0
percent); and Kansas City,
Missouri (10.4 percent).
Highest share of second home pre-movers in Salisbury, Naples, Cape
Coral-Fort
Myers
Nationwide 3.2 percent of all homes with a
pre-mover flag in Q1 2018 were being purchased as a second home.
Among the 118 metro areas analyzed for the report, those with the
highest share of pre-mover second homes were Salisbury, Maryland (33.3 percent second
homes); Naples, Florida (30.4
percent); Cape Coral-Fort Myers (18.8 percent); Myrtle Beach, South Carolina (17.2 percent);
and Sarasota, Florida (11.4
percent).
Report methodology
Using data collected from purchase
loan applications on residential real estate transactions, the
ATTOM Data Solutions Pre-Mover Housing Index is based on the ratio
of homes with a "pre-mover" flag to total single family homes and
condos in a given geography, indexed off the national average. Any
index above 100 is above the national average and indicates an
above-average ratio of homes that will likely be sold in the next
30 to 90 days in a given market. Historical pre-mover data going
back to Q1 2014 shows that 59 percent of homes with a pre-mover
flag sell within 30 days of the estimated loan settlement date that
is provided in the pre-mover data, and 76 percent sell within 90
days of that settlement date. The loan application data used for
the pre-mover index also includes the intended purpose of the
potential purchase: primary residence, secondary (vacation) home,
or investment property.
About ATTOM Data Solutions
ATTOM Data Solutions
provides premium property data to power products that improve
transparency, innovation, efficiency and disruption in a
data-driven economy. ATTOM multi-sources property tax, deed,
mortgage, foreclosure, environmental risk, natural hazard, and
neighborhood data for more than 155 million U.S. residential and
commercial properties covering 99 percent of the nation's
population. A rigorous data management process involving more than
20 steps validates, standardizes and enhances the data collected by
ATTOM, assigning each property record with a persistent, unique ID
— the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in
many industries including mortgage, real estate, insurance,
marketing, government and more through flexible data delivery
solutions that include bulk file licenses, APIs, market trends,
marketing lists, match & append and more.
Media Contact:
Christine
Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM Data Solutions