I have to share this screenshot with you all that I took a couple of months ago (I planned on posting it sooner but it's been so wonderfully busy!). It is all about mortgage rates but it so perfectly illustrates the point that it depends on who you ask when you want to know the state of things, anything, but especially Real Estate.
These 3 headlines were posted in a row, one after another, and it immediately caught my eye as a linguist, mass media major, REALTOR®, and consumer.
Steady suggests balance
a 6-day low suggests favorable condition
12-year high and homebuyers take a hit suggest unfavorable condition
This can get confusing! Add to that the questionable power of social media to influence the very news one consumes. If you click on the balanced article, you'll likely read more of the same. If the negative headlines draw you in, the social giants will bait you with similar and worse, and if you focus on the positive, more happiness will show up in your news feed.
What you focus on grows.
What is a consumer to believe? What's a consumer to do?
Assemble your team and build a relationship with your REALTOR® and loan officer. Ask questions. Review sales statistics and comps. Track interest rates. Keep it local. SoCal is a very different market than suburbia MD. The second home resorts of Florida are not comparable with downtown Silver Spring.
Assess your situation. Take a close look at your wants and needs. Are you wondering if now is a great time to buy? It probably is - IF you are financially prepared and need and/or want a new home.
And stick to the positive. Homes are being bought and sold in any market. If you are looking for an opportunity, you'll find one!
Comments(16)