Conflicting Real Estate Headlines?

December 26th, 2011 by keithandkinsey

If you are paying any attention to real estate news, there’s no doubt you may be confused on the current state of the housing market. All the headlines listed below are from the past 6 weeks. Can you say “conflicting information”!?!?

Home Resales Rise 4%

It’s Official: Housing Market Was Sicker than We Thought

Mortgage Rates Hit Another Record Low

New Home Sales Edge Higher

Home Sales Worse Than Thought

Demand For Rentals Drives Big Rise In Home Building

Foreclosure Sales Still Pummeling Home Prices

Building Permits climb 11%

Real Estate Recovery In Limbo Until 2013, Experts Say

Housing Picture Expected To Brighten In 2012

Home Sales Jump Two Straight Months

National news can be skewed any which way just to make a good story. It’s important to give little relevance to national headlines and pay attention to your local market. All real estate is local. Real estate statistics don’t just vary by city or state, they also vary by neighborhood. We have seen comparable houses 1/2 mile apart vary by $35,000 or more just based on neighborhood or school district.

Before you make decisions based on the headlines you read, contact a local expert to learn more about your local market.

Posted in Blog, Income Property, Real Estate