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2012 'Hot or Not' Real Estate Survey

Reblogger
Real Estate Agent with LAER Realty Partners

Real Estate is Local - as far as statistics are concerned and market is concerned. So when CNN says Real Estate prices are down by 11% Nationally, what does it mean to you? How do you respond to the news that your market was up marginally in 2011 - and is likely to do much better in 2012.

Well, here's a re-blog with a link to survey that would help world know how your market is doing.

 

Original content by ActiveRain Real Estate Network

Hot and ColdReal estate is local.

If you did a search for that phrase on ActiveRain I bet you would get tens of thousands of results. It's a mantra in the real estate business. Anyone who has been doing this for any amount of time has heard this phrase and anyone (from a consumer's perspective) worth doing business with knows this to be a fact.

So why then does the National Association of REALTORS® roll out the esteemed Lawrence Yun every year with a bunch of predictions about the national real estate market? Who do these predictions impact? Wall Street or Main Street?

ActiveRain members are dealing with Main Street. And on Main Street, real estate is local.

Mr. Yun has forecast that existing home sales will edge up 1% in 2012. Where will this happen? In every city across the country? Of course not. Some cities will continue to experience sales declines while others will experience sales increases much greater than 1%. A broad national number does none of us living on Main Street any good. It just doesn't.

So who better to give predictions about local housing markets across the country than local real estate professionals? We say no one, not even NAR Chief Economist Lawrence Yun.

We would love if you would consider taking the time to participate in our 2012 'Hot or Not' Real Estate Survey. If you are a member of ActiveRain, we will give you 500 points for the opportunity to hear how you think the market is going to play out in 2012.

Of course we want your opinion.....but possibly even more important is the opinion of your peers. Not because their opinion is more important that yours, but because the more responses we get, the more representative the survey becomes. We would love if you would consider sharing this survey with others in your office or in your local boards. 

As we compile and release the results, there will no doubt be media opportunities for many of our members that choose to take the survey. But we need to get to that tipping point in each market before the results have validity. So take the survey yourselves and please think about sharing it with others.

Real Estate is local and no one is more qualified to make local predictions than local real estate professionals.

(click below for the survey)
2012 Hot or Not Real Estate Survey

Comments (13)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Praful - but what is the point of asking a general question like what the biggest obstacle would be in 2012? In the same Daytona Market financing would be a serious issue for everybody working with low lovel houseing and first time buyers, and will be of absolutely no importance for me, working with buyers of second/vacation homes, and it would be another thing for an REO agent.

And, by the way, our markets, that we had to choose from the list, was Orlando to Daytona. How on earth this can be called LOCAL?

I do not now who put this together, but not a bit of sense or science stood behind. So whatever CNN says would still have way more sense and value.

Preparing survey is a science and an art. I am afraid this one is missing both

Nov 15, 2011 05:30 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is important to click on the survey and join in one voice.

Nov 15, 2011 06:08 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

@Tim - what one voice? Real estate is more local than this survey is sees it, so how can this come in one voice? it comes in million voices.

Nov 15, 2011 06:17 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Praful - cool, you really know how to do it. I wouldn't be able to figure it out so quickly. maybe this is the reason I still have classic background (LOL)

Nov 15, 2011 06:18 PM
Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

We found in our area that the comparisions about the market were skewed.  The current reports were based on MLS information put out on the 6th of the month whiile the previous year/s figures were being compared to the end of the month.  There is at least a 6-8% difference which means we're not doing as badly as the media would like us to believe.  It's true we are selling more foreclosures and short sales which have now turned into arms length sales, unfortuanate for neighborhoods.  Our local Association prepared a presentation for our annual meeting showing these very skewed numbers in our area.  Worth checking out in your area.  We're not doing badly at all in Southern Maryland.  In fact, our sales are back to pre 2004 numbers. :) Great reblog.

Nov 15, 2011 06:41 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Tim, Jon, Gail, 

I had the same concern as you Jon, Gail - the list of the market is too wide - and there was no option to add despite 'other (specify)' was there.

Though the concept behind the post is great, little 'touch-up' is required.

Nov 16, 2011 12:38 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Praful,  I did the survery.  This serves to remind me that I now need to pay it forward and pass it on! Thanks!

Nov 16, 2011 03:17 PM