To the average Joe and Jane, their view of the real estate industry and local market conditions are often tied to very limited personal experience.
What the public absorbs from the Grape Vine news stream down at the Piggly Wiggly pushing the wire cart. From the buzz and the hum picked up at the hair dresser salon or barber shop, from friends, family, the neighbor's real estate listing and selling event going on around them. Or whatever is splashed and beamed into their big flat screen TV display from real estate reality shows produced on the west coast.
The national media tries to "one size fits all" reduce and dumb down coverage of complex issues.
Making them into comic book simple statements in the headline news round up of that's the way it is today people. So when real estate market stories make it into the news stream rotation highlights, the sound bite or headline often has nothing to do with the local real estate market. Information is powerful but not if it is focused on the wrong GPS coordinates or too large an expanse on the blue and green revolving marble.
Real estate markets move and groove like the weather patterns change overhead too.
They heat up, cool off and have many layers. The more expensive the price tags hanging off the property listings, the greater the stratification and numbers of the real estate segments. Niche audiences for this size square footage, that new housing development or this lifestyle interest in real estate intensify as the wallet opens wider to subsidize the property needs in the what's for sale transfer to the new owners.
So how does a buyer and seller get the most accurate real estate information possible?
That applies for today, at this moment in time to snap shot the current real estate market conditions? From a local small town real estate professional who has weathered a few market storms. That can see where we've been in the real estate rear view experience mirror. That can look a property over and pin point where it falls in the rise and fall of the real estate market supply and demand for a particular real estate listing up for sale today. And that can see the tilt of the real estate listings and sales direction the local property market is headed.