Every day the news media report statistics, sometimes with confusing and conflicting messages. Housing is up! Housing is down! Interest rates are low—buy now! The market hasn’t bottomed yet—better wait! The average consumer considering a move isn’t sure which way to go. Numbers, percentages, pie graphs, flowcharts—splashed across websites and magazine pages, all claiming to be the final word on the current Real Estate Market. Questions and confusion abound, and the consumer is paralyzed, afraid to make the wrong move at the wrong time.
Enter your Local Realtor.
According to the National Association of Realtors the Housing Affordability Index is at a record-breaking 184.5. That is one statistic that should encourage anyone on the fence to “jump off” and start shopping. However, average sale prices, days on market, demand and inventory vary from one area to another—sometimes even within the same town. If a consumer has little equity in their current home and needs to sell in order to buy, that consumer may need to stay put for a year or two. Your Local Realtor is aware of national averages and statistics and how they affect the local area in which they work. They have a finger on the pulse of the local market and can answer your questions, allay your fears and give you the most current local information to make your next home buying decision. Whether you decide to act now, or sit back and wait a few years, the information and guidance of a Local Realtor are essential to that decision-making process.