Houston-based real estate consulting firm Metrostudy uses 'drive-bys' to help it gauge the health of the residential market in different U.S. metro areas. Employees drive through newly built—or still under construction..
If there are toys on a house's front lawn, for example, that is a good sign that a family has moved in. Another positive sign is if a garden hose is attached to the side of the house. Not only is the home occupied, it also has an owner who cares about his or her property. Among the bad signs are the absence of curtains in the windows, a high number of empty lots, and newly completed but clearly vacant houses. Metrostudy researchers say these are indicators that a developer may have badly overestimated demand and could soon be saddled with inventory. Download here: Common Closing Costs for Buyers
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