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.

There are many areas, cities and even whole states that have remained strong during the present real estate crisis. There are cities in hard hit states that have seen their home values remain relatively flat or even increase slightly. And, of course, there are some neighborhoods within cities that have outperformed others. When thinking of the real estate market remember this.

Consider the latest American Housing Survey. It found that there are 124,377,000 homes in America spread across:

The information is collected from all 50 states as well as Incorporated cities numbering more than 30,000 and Innumerable local neighborhoods.

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.

To get real estate analysis that matters, look local instead. And I don’t mean stats from your state — I mean stats from your neighborhood. It’s the only way to know what’s driving home prices on your street.

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.

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.

If you are in the market to Buy a Home then Visit Rob Kosbergs’ Detailed FREE Guide on Buying your Dream Home with a Zero Down Mortgage or for up to date Mortgage info visit my Mortgage Blog

categories: zero down mortgage, no money down mortgage, home buying, down payment assistance, FHA, short sales, Mortgages, Refinance, Real Estate, Finance, Economy, Money