The Most Inaccurate Source of Information About Real Estate
National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.
National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.
Without a doubt there are many states, cities and neighborhoods that have fared well during the real estate crisis. Some areas have seen real estate values stay flat while others have even seen a slight increase. The data differs from area to area so consider these facts.
A national survey called the American Housing Survey most recently concludes that there are 124,377,000 homes which are in:
There are 50 states, with more than 30,000 incorporated cities, and with an innumerable number of neighborhoods.
These 124 million homes get bunched together by the media and we hear the analysis of the undifferentiated clump of homes. These national statistics are not "one size fits all." The market in Pocatello, will be different than the market in Boulder. National statistics are not helpful.
If you want useful data, you need to find the local real estate analysis. You will want data from your specific neighborhood, not the entire state. This data will show what drives the local market.
Unfortunately, finding local data like this isn't easy; it's far too narrow to be covered by the press. So, the best place to get local real estate data is from a local real estate agent or from somebody else with access to raw real estate data in and around your neighborhood.
A local professional will know the market and will be better able to give you the information, "thumbs up" or "thumbs down "than any national media expert.
There is no such thing as a national real estate market. The national media speaks in generalities as it would be impossible to be specific. The price of a gallon of milk may be similar from state to state but not real estate. Don't worry about what you hear on a national level. Real estate statistics for a local market should be local.
National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.
Without a doubt there are many states, cities and neighborhoods that have fared well during the real estate crisis. Some areas have seen real estate values stay flat while others have even seen a slight increase. The data differs from area to area so consider these facts.
A national survey called the American Housing Survey most recently concludes that there are 124,377,000 homes which are in:
There are 50 states, with more than 30,000 incorporated cities, and with an innumerable number of neighborhoods.
These 124 million homes get bunched together by the media and we hear the analysis of the undifferentiated clump of homes. These national statistics are not "one size fits all." The market in Pocatello, will be different than the market in Boulder. National statistics are not helpful.
If you want useful data, you need to find the local real estate analysis. You will want data from your specific neighborhood, not the entire state. This data will show what drives the local market.
Unfortunately, finding local data like this isn't easy; it's far too narrow to be covered by the press. So, the best place to get local real estate data is from a local real estate agent or from somebody else with access to raw real estate data in and around your neighborhood.
A local professional will know the market and will be better able to give you the information, "thumbs up" or "thumbs down "than any national media expert.
There is no such thing as a national real estate market. The national media speaks in generalities as it would be impossible to be specific. The price of a gallon of milk may be similar from state to state but not real estate. Don't worry about what you hear on a national level. Real estate statistics for a local market should be local.
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Last Updated ( Sunday, 18 October 2009 17:20 )