Confused About What’s Going on in the Housing Market? Lean on a Professional
If you're thinking about buying or selling a home, you're probably curious about what's going on with home prices, mortgage rates, housing supply, and other factors. Given how sensationalized today's headlines are, this is no easy task. According to Jay Thompson, a Real Estate Industry Consultant:
“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”
Unfortunately, when information in the media is unclear, it can cause market fear and uncertainty. According to Jason Lewris, Cofounder and Chief Data Officer at Parcl:
“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
But this does not have to be the case. Buying or selling a home is a big decision that should be made with confidence. Use a local real estate advisor to help you separate fact from fiction and get the answers you need.
Your best resource for understanding what's going on at the national and local levels is a trusted expert. They'll be able to debunk the headlines using reliable data. And, using their extensive industry knowledge, they'll provide context so you understand how current trends compare to the industry's normal ebbs and flows, historical data, and more.
They'll then tell you if your local area is following the national trend or if they're seeing something different in your market to ensure you have a complete picture. You'll use all of that information together to make the best decision for you.
After all, moving is a potentially life-changing event. It should be something that you are both prepared for and excited about. This is where an agent comes in.
If you have any questions about the news or the current state of the housing market, contact a real estate professional for expert insight and advice.
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