Monday, March 6, 2023 / by Chris Hulser
Local vs National News
As we go about our days listening and watching the news I can't help but notice that nationally the news media is making the real estate market look like it is crashing when in all reality it isn't. Has it slowed a bit...yes, but it needed to. The craziness of 2021 and early 2022 had to slow down due. One of the major reasons for the slow down besides rising interest rates was the lack of inventory. Inventory was at a record low with buyers snatching up anything they could. What doesn't help the consumer's perception of the real estate market is the national news media exaggerating or making opinion based remarks with no facts to back up what they are saying. My advice...talk with a local REALTOR who has real numbers in front of them and that knows the local market. Not someone who has no clue what is happening in your local market. Every market is different and every market will have it's ups and downs but real estate is not a one size fh ...