Confused About What’s Going on in the Housing Market? Lean on a Professional.
If you're considering buying or selling a home, you undoubtedly want to know the truth about housing supply, mortgage rates, home prices, and other factors. Considering how sensationalized headlines are today, that is not a simple process. Jay Thompson, a consultant for the real estate sector, explains:
“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”
Uncertainty and panic can unfortunately be very prevalent in the market when there is ambiguous information in the media. According to Parcl's cofounder and chief data officer, Jason Lewris:
“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
However, things don't have to be that way. A major decision like buying or selling a property should give you confidence. Lean on a local real estate professional to help you sort fact from fiction and get the answers you need.
The finest source for information on what's going on at the local and federal levels is a reputable expert. They'll be able to refute the headlines with reliable data. Additionally, utilizing their in-depth understanding of the sector, they will provide context, historical statistics, and other information so you can understand how current trends compare to the typical ebbs and flows in the sector.
They will then inform you if your local area is following the national trend or if they're observing something different in your market to make sure you have the whole picture. You will combine all of that knowledge to arrive at the best choice for you.
After all, moving is a significant event that could alter your life. It ought to be something that excite and prepare you. An agent steps in at this point.
To sum up
Let's contact if you have any inquiries about the news or the current state of the housing market so you can have professional insight and counsel on your side.