The Worst Places To Find Local Real Estate Information
Stories on TV about the national real estate market are misleading to Americans. This is because there is no such thing as a “national real estate market”.
A national survey called the American Housing Survey most recently concludes that there are 124,377,000 homes which are in:
* all 50 states
* too many neighborhoods to count and
* more than 30,000 incorporated cities
And yet, the media repeatedly groups all 124 million homes into one giant lump and then gives an analysis. No matter how you slice and dice the data, a home in Oregon can’t be compared to a home in Mississippi. This is why national real estate statistics are somewhat useless.
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.
The media doesn’t report small markets. Consult your neighborhood real estate agent or someone with access to the data. The professional can provide a better picture of what is driving your neighborhood market.
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 statistics for a local market should be local.
