The Worst Places To Find Local Real Estate Information
Americans are hearing and seeing TV stories regarding the national real estate market. Such a national market does not exist.
Unquestionably there are many neighborhoods, towns, cities and states that have shown signs of strength during this real estate depression. There are neighborhoods in depressed cities whose home values have remained flat or even shown an increase in median price. Every state has cities that have bucked the trends and every city has neighborhoods that have. Think about the following information.
There are 124,377,000 homes in the United States according to the most current American Housing Survey. These homes are within:
The data is based on all 50 states and there are too many neighborhoods to count with more than 30,000 incorporated cities.
These 124 million homes get bunched together by the media and we hear the analysis of the undifferentiated clump of homes. These national statistics are not "one size fits all." The market in Pocatello, will be different than the market in Boulder. National statistics are not helpful.
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.
By talking to local professionals that know your backyard, you'll get a much clearer picture of your local market -- good or bad -- than the national media could ever provide.
The idea of a national real estate market is a fallacy. The price of bread may be the same or similar from city to city but real estate is not. If you want local statistics, pursue the data locally.
Unquestionably there are many neighborhoods, towns, cities and states that have shown signs of strength during this real estate depression. There are neighborhoods in depressed cities whose home values have remained flat or even shown an increase in median price. Every state has cities that have bucked the trends and every city has neighborhoods that have. Think about the following information.
There are 124,377,000 homes in the United States according to the most current American Housing Survey. These homes are within:
The data is based on all 50 states and there are too many neighborhoods to count with more than 30,000 incorporated cities.
These 124 million homes get bunched together by the media and we hear the analysis of the undifferentiated clump of homes. These national statistics are not "one size fits all." The market in Pocatello, will be different than the market in Boulder. National statistics are not helpful.
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.
By talking to local professionals that know your backyard, you'll get a much clearer picture of your local market -- good or bad -- than the national media could ever provide.
The idea of a national real estate market is a fallacy. The price of bread may be the same or similar from city to city but real estate is not. If you want local statistics, pursue the data locally.
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