3 REASONS TO TAKE HOUSING PREDICTIONS WITH A GRAIN OF SALT
At the beginning of the year, its common to see articles in magazines, in newspapers and online that offer predictions about the national housing market. These forecasts may provide insight to real estate professionals and interested investors; however, to the average person who is thinking of buying or selling, the predictions often don't make a difference in their final decision.
1. All real estate is local:
What's going on in the national market may not be a accurate reflection of whats going on in our market. If you want to know about our local market and what your home is worth, I am happy to answer any of your real estate questions.
2. The future is uncertain:
Experts estimate future market trends based on current statistics and historical trends. In other words, they use past and current data to find clues as to what might happen next. However, national and global events can have unforeseen impact on the economy, including the housing market. While experts may predict one thing now, the reality could turn out to be very different.
3. Buying and selling is a personal choice:
If you are ready to buy or sell a home, your decision may rely on factors other then the state of the market. For example, family changes and job relocations are two of the most common reasons people move. While it's smart to consider the state of the market when your thinking of buying or selling, in the end, when you think it's a good time, then it's a good time.