National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.
There are 124,377,000 homes in the United States according to the most current American Housing Survey. These homes are within:
- 50 states
- Incorporated cities numbering more than 30,000 and
- Innumerable local neighborhoods
Our media clumps the 124 million homes in a huge group and attempts to analyze their data. It doesn't matter one iota how the media presents this because houses in Los Angeles can't be compared to houses in Pittsburgh.
National real estate statistics are not useful.
Look at a "local" real estate analysis for useful information. I'm referring to statistics from your "neighborhood" not your state. This is the best way to learn what is driving your neighborhood 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.
Real estate is a local market so your real estate data should be local, too. - 15224
There are 124,377,000 homes in the United States according to the most current American Housing Survey. These homes are within:
- 50 states
- Incorporated cities numbering more than 30,000 and
- Innumerable local neighborhoods
Our media clumps the 124 million homes in a huge group and attempts to analyze their data. It doesn't matter one iota how the media presents this because houses in Los Angeles can't be compared to houses in Pittsburgh.
National real estate statistics are not useful.
Look at a "local" real estate analysis for useful information. I'm referring to statistics from your "neighborhood" not your state. This is the best way to learn what is driving your neighborhood 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.
Real estate is a local market so your real estate data should be local, too. - 15224
About the Author:
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