The Washington, D.C.-based Urban Land Institute has launched a new Web-based interactive tool called ULI Real Estate MetroStats that tracks more than 40 key economic and real estate market indicators in the top 50-plus metro areas in the U.S.
The market tracking tool, which should help real estate professionals with up-to-date statistics and economic trends, is updated quarterly.
It allows users to compare and rank large metro areas on specific indicators organized into six major categories — demographics, economy, real estate capital markets, property vacancy rates, housing prices and ownership, and housing development.
In Pennsylvania, the tool tracks the Philadelphia and Pittsburgh areas. The Baltimore market also is available.