Are Real Estate Housing Market Headlines Confusing?
I just read this Inman News article with began...
"On Jan. 20, 2005, a headline in the San Francisco Chronicle stated that Bay Area home sales were down and that prices slid. If you, like many readers, scanned only the headlines, you might have thought home prices in the area had plummeted. Actually, they rose 14.3 percent between December 2004 and December 2005, according to DataQuick Information Systems.
"Sensational headlines sell newspapers. Who wants to read about a real estate market that's not as robust as it was a year ago--one in which home prices aren't going up as fast as they were this time last year? Ho-hum news doesn't do much for newspaper sales.
"Behind the scenes of the Bay Area home sale market, the real story is not that home prices "slid" from one month to the next. It's that the market is doing surprisingly well despite the negative press. In a nutshell, well-priced homes that are properly prepared for sale are selling for good prices and within a reasonable period of time."
Our Bradenton - Sarasota, Florida market has had it's share of negative headlines, however we (at Premier Team) are actively selling homes. Even though there is a 7 month supply of homes on the market, the listings that sold last month sold in an average of 61 days.
We have a strategy that is working, even in this less than ideal market. Give me a call and we can talk about it! --Dan Forbes
"On Jan. 20, 2005, a headline in the San Francisco Chronicle stated that Bay Area home sales were down and that prices slid. If you, like many readers, scanned only the headlines, you might have thought home prices in the area had plummeted. Actually, they rose 14.3 percent between December 2004 and December 2005, according to DataQuick Information Systems.
"Sensational headlines sell newspapers. Who wants to read about a real estate market that's not as robust as it was a year ago--one in which home prices aren't going up as fast as they were this time last year? Ho-hum news doesn't do much for newspaper sales.
"Behind the scenes of the Bay Area home sale market, the real story is not that home prices "slid" from one month to the next. It's that the market is doing surprisingly well despite the negative press. In a nutshell, well-priced homes that are properly prepared for sale are selling for good prices and within a reasonable period of time."
Our Bradenton - Sarasota, Florida market has had it's share of negative headlines, however we (at Premier Team) are actively selling homes. Even though there is a 7 month supply of homes on the market, the listings that sold last month sold in an average of 61 days.
We have a strategy that is working, even in this less than ideal market. Give me a call and we can talk about it! --Dan Forbes
posted by Dan Forbes at
10:37 AM
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