Every morning I read some of the On-line news highlights over my 1st 2 or 3 cups of coffee. Often there is some news about how bad the housing market is or some dire prediction.
What so many consumers fail to see – and the media gets a big “F” to educate people – is that Real Estate is LOCAL. Very local in fact.
The article this morning spoke of how home prices were terrible in places like Detroit and Vegas and was going to worse before it gets better. Yes; we know – we have been hearing that for years now. Sadly there are few signs of improving there. Washington DC, however is not like most parts of the country.
In fact there most of the country are not “the norm”. I argue that there is no “norm” which you can put on housing. Yes; we can discuss how the overall housing market in the country is bad or good; but in terms of – should I buy a home in THIS or THAT area – we cannot listen to the “National Reports”.
It is sometimes difficult to educate home buyers moving from other states about the Washington DC housing market. Since we work with many relocation clients – they don’t understand our market and often end up on losing on a “good deal”; because coming from a different market – a “good deal” is something completely different.
That is why; as always – you must work with a local expert who can show you current housing data and trends. Heck – No; I do not have a crystal ball and cannot tell you what the future will bring – however I can tell you the latest trends in one area of DC over another! Don’t just take their word for it – ask for the data. We will show you – it’s not a secret.
Just remember – when buying or selling a home – the “National News” – means very, very little to you and your current/next home.