Broad housing market reports are a dime a dozen these days, and if you ask me, that’s a good approximation of their worth. Markets are sliced and diced and compared across the board, drawing multiple — and often conflicting — conclusions with shaky, obsolete data. The market’s up, or maybe it’s down. It’s good, it’s bad, and it’s confusing.
For most people, even with access to all this information the results are more inconsistent than ever, often dated and out of context. But they don’t have to be.
Timely and accurate information, provided on a local level with a real-world perspective, is the real estate market’s most important commodity — and the ability of the public, government, financial institutions, investors and real estate professionals to make informed decisions on local housing markets is the cornerstone of an eventual housing recovery.
Isn’t it time we stop trying to drive by, looking in the rear-view mirror, and insist on seeing just the facts, clearly, as they unfold?