ResiShares, the single-family real estate investment platform, unveiled T-RECS (Trended Real Estate Comparison Scores) on its website. T-RECS forecasts relative home price outperformance by comparing the current housing market in each of the top 200 largest metropolitan areas to their closest analogs from the past. Unlike falsely precise point forecasts of future home price appreciation, T-RECS isolates the fundamental drivers of growth in each housing market, while providing a level of explainability previously unavailable, the company said.
“While T-RECS cannot build a time machine to put you in San Francisco in 2011 or Denver in 2014, what it can do is tell you which markets today display the key, market-driving characteristics of those markets at those critical inflection points, so that you can construct your investment thesis accordingly,” said Dan Glaser, CIO at ResiShares.
The company’s models continue to favor fast-growing job centers in the southeastern U.S.
“For instance, Tampa has been one of our favorite markets for some time, and it continues to exhibit the same demographic and economic momentum we saw in Miami in 2019, with a virtually identical housing stock,” said Michael Greene, CEO. “Like Miami, Tampa’s coastal location also gives prices room to run as demand growth continues.”
