Why NOT Buy Now? Rare Market Conditions are Skewing Survey Results and Creating Needless Anxiety
May 14th, 2008 Categories: Real Estate News
For too many long months now, real estate agents and brokers across the country have bemoaned the relentless bad news about the housing market. Without context the numbers are daunting. Without context the information is undeniably grim. Without context no one would ever buy or sell a home again.
So let’s look at the context. No less a personage than David Blitzer, S&P Index Committee Chair, has acknowledged his organizations’ overall and metro-readings paint an incomplete picture. Early this month, top officials with the National Association of Realtors and Standard & Poor’s (which issues the S&P/Case-Shiller Home Price Index) admitted that their monthly reports are giving imprecise readings of price changes at all levels - national, state and regional - due to rare market conditions that are skewing survey results.
This is really just the tip of the iceberg. Click here to get the full, must read, story from Blanche Evans, an award winning journalist with Realty Times.
And when you’ve finished reading the good news, in context, give me a call at 703.927.4554 and I’ll help you find that house you’ve been talking about.
Michael
Hi Michael, thank you for visiting my site. I like your site a lot!
Am working on videos and a big community ‘bash’ with a marketing guru’s help for my site. It all takes time, doesn’t it!
I do lots of market reports… but mainly only local reports.
Thanks again!