Talking heads, the media…whatever you call them, they’re just not the experts in the real estate industry. They simply continue to dump information onto Twitter, blogs, and in their broadcasts with flashy statistics and bone chilling predictions. It makes for news-worthy news I guess, but then why does confusion reign?
As far as the housing market, consumers are typically doused in detail that is neither given form nor context. For example, how can it be that two news sources cite completely opposite information in the same news day?
A headline in the Wall Street Journal on 9/23/10 stated: ‘Existing Home Sales Up 7.6%’
A headline in Fund Strategy on 9/23/10 stated: Existing Home Sales Down 19%’
So besides the dump of information to which consumers are subject, they also need to sift through the stuff to discern what’s right and what’s wrong?
Seth Godin (founder of Squiddo.com) observed that there are many sources that are contributing to the ‘mass of data’ but few are taking the time to organize it and put it in perspective.
This is where your professional Realtors and Florida mortgage lenders enter the picture; the respectable ones that is….
At the end of the day, make no decisions about buying or selling a home until all the legislation governing the industry and the situation surrounding your specific real estate market is juxtaposed with your individual situation.
Talk to the professionals who’ve got their boots on the ground, not their eyes on a teleprompter.