This morning, once again, I have several articles flooding my email inbox about the status of the housing market. And as usual, each article conflicts with another. Well, hello Confusion! I feel so bad for the home buyer and seller these days with all the various media outlets constantly spewing information which hardly ever seems to agree from one source to another.
Housing is up, no it’s down; building is up, no building is down – up/down, up/down; well, you get the drift. I even read a recent article calling 2004 through 2014 the “lost decade” stating that prices have remained unchanged. What! Not in my market area – we saw a notable difference in home pricesstarting in 2007 that still exist today and not only that, but there are still plenty of homeowners under water. Prices changed, oh, yes they did both locally and nationally.
Even major real estate internet sites estimate home values that can be so far off, it’s embarrassing. I know it’s not intentional but it just proves that there’s more to determining a list price and/or offer price than finding a stat online.
But, most should know by now, that all markets are not the same and real estate is local – not national! For example: the Atlanta market seems to be improving very well but does that mean all areas ofAtlanta? What about metro counties and outlying areas. I can tell you, it can all be very different even just one county over.
If you are thinking about buying or selling in the North Georgia market area, contact a local and experienced Realtor located in the market area of interest to you and get the real sales data right down to the neighborhood of interest to you. Real estate internet sites are great for getting started, but for the real “skinny” you are better served to consult with a local real estate professional.
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