By Brent Ruffner | YourValley
The Cromford Report doesn’t sell stats. Instead, the company — which tracks the Valley’s residential resale market — sells confidence, said Tina Tamboer, senior housing analyst with The Cromford Report.
Why is that important? It gives Realtors and residents a guide of what the Phoenix housing market is doing and where it’s headed, Tamboer said.
Accurate data in the housing industry is paramount. Bad information can send people into a frenzy over wrong numbers. In January, a New York Post article reported Goldman Sachs forecast “a 2008-level housing crash” in Phoenix.
But Wall Street firms don’t have Arizona Regional Multiple Listing Service data — numbers needed to get an accurate picture of the Valley’s housing market, Tamboer said.
“…We have better data,” Tamboer said. “Those Wall Street firms (don’t) have permission to have MLS data — nor should they, frankly, in my opinion. Every time Wall Street gets involved in our party, they screw it up. Every time they get involved in housing, they mess it up. They’ve done it twice now.”
The Cromford Report — started by Michael Orr — is subscriber- based and has helped to guide potential homebuyers on what to do in regards to the housing market.
