The Real Estate Market Myth

It seems like every day we hear a new story about how the real estate market is in a down turn and that all is gloom and doom if you want to buy or sell a home. In this months Ohio Realtor News letter Carl Horst dispells some of this myth. It is true that some parts of the country are in a housing depression, but in this article he tells us that in reality, the real estate market is not a national market, but rather a local one. Just because the market may be flat in one town or area does not mean that it is in another. On the coasts the market over the past five years was incredible with big gains and now they are not seeing those gains, but over the same period, the midwest had gains, but nothing like they did in California. In fact, the market in our area differs even from town to town. The market in Defiance is different in Napoleon and they both differ from Paulding and so on. In the Defiance area we seem to be on pace in sales as we were as of last year. There are a lot of homes that come on the market each week, but then a lot get sold each week too. The key seems to be pricing a home right. No, we are not seeing the gains in pricing that we saw a few years back, but we are seeing homes that, if priced right, sell. So, if you've been thinking of selling that home ad move to another one, don't let the big city media scare you and give it a shot.