Whether or not you are in the market to buy or sell, this story should cause you some concern. As reported in Inman News, the Housing figures reported by NAR for 2010 were overstated. Click the link below to read the entire story: http://www.inman.com/news/2011/02/15/decline-in-real-estate-sales-greater-stated; So we await the revised figures from NAR. Was it just methodology or was there something more egregious? I am curious to hear what the people of Albuquerque and Rio Rancho have to say about this. After all, the implications are very far reaching. Let us know what you think.
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003
C Lloyd: I have never paid luch attention to NAR stats. I follow these instead: http://www.fhfa.gov/Default.aspx?Page=14. Whole affair does not do much for NAR's credibility.
Feb 19, 2011 03:11 PM
Ultima Real Estate - Corpus Christi - Corpus Christi, TX
Home Sales In Corpus Christi, TX
C Lloyd, thanks for the information. Went to the article and read it, hope this negative information does not make us all sound like we are giving out misinformation on purpose.
Feb 19, 2011 03:15 PM
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker
Lloyd, we are in Sales, and so is NAR. We need to be optimistic, we need to be positive and encouraging...
But the NAR Reports that claim Markets are Improving, Sales are Up, Times are Good, Rah Rah Siss Boom Bah etc. are Misleading.
Those Rosy-Cosy Reports from NAR and other sources encourage Sellers to List their houses at too high a price. The over-priced property will get stale on the shelf; nobody will Buy it.
The Truth is better. Prices are down, number of sales is down. Price your house ahead of the Declining Market, or prepare for a No-Sale.
Feb 19, 2011 04:32 PM
Living Albuquerque - Albuquerque, NM
Living Albuquerque
Service Areas
Real Estate Resources
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ActiveRain Community
about 9 years ago
Home Improvement
about 9 years ago
ActiveRain Community
about 9 years ago
Albuquerque and Rio Rancho, New Mexico are among the most stable real estate markets in the United States. This has caught the attention of the national media. As such, it is incumbent on local Realtors to provide information about our cities for those interested in investing, relocating, or visiting. My goal with this blog is to highlight issues or topics in real estate, and where appropriate apply them to the local markets.
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