The Worst Places To Find Local Real Estate Information
National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.
Consider the latest American Housing Survey. It found that there are 124,377,000 homes in America spread across:
- 50 states, with
- More than 30,000 incorporated cities, and with
- An innumerable number of 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.
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.
Your neighborhood real estate professional, who knows your market can provide a much clearer picture, positive or negative, of your locality than the national media.
If you want local statistics, pursue the data locally.
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