Isn’t life confusing these days? Everyone seems to have an opinion about everything.
Did you get the vaccine? Did you get one shot?
Oh, you have to get two shots!
You should put money in cryptocurrency.
Wait, who understands cryptocurrency?
Beans don’t belong in chili
Or do they?
On and on it goes. Confusing.
Recently I’ve had friends and clients want to know my thoughts on this current housing market. They have sent me links to articles such as these:
Housing Boom is Over as New Home Sales Fall to Pandemic Low
How Risky is the Booming Housing Market
Existing Home Sales Rise Modestly After Months of Declines
Talk about confusing. Read those articles — and plenty more — and get differing views and opinions that range from the housing market on the verge of collapse to a booming economic anomaly that could seemingly go on forever.
If that’s truly the case, why do we get national stories talking about the boom being over and sales dropping?
So confusing, right? I think that’s what the mainstream media wants. Face it, it’s probably two-to-one clicks if a headline sparks fear and panic over one that speaks of happy kittens and rainbows.
If you truly want a non-biased, data-driven snapshot of what the housing market looks like in your specific area, then move away from national websites that thrive on clickbait headlines to raise your blood pressure. Search for the local voices and news (like the award-winning news you’ll find here on Daltxrealestate.com) with the real facts.
Also, remember that Texas is a completely different world than many other states. Weather, economic growth, stable job market, no state income taxes, business-friendly rules and regulations … these are all huge reasons why Texas is busting at the seams with people wanting to live here.
Everything is Hyper-local
Even within a specific area, there are so many different factors that can make a neighborhood more valuable than another.
Talk to your local Realtor. Get actual data from the local association of Realtors. They will produce a monthly report based on the same criteria every time. These reports are not designed to garner clicks, they are designed to be a true representation of specific areas within a set market.
Stay away from national sites that try and lump the housing market into a United States-wide story. Texas is Texas. Whatever happens in Michigan, Oregon, or Vermont aren’t necessarily indicators of what is happening in the Lone Star State.
Most of all, look at true data.
Understand what search criteria are being used and how that affects your home search or sale. Every neighborhood is different, reading articles designed as clickbait to confuse isn’t going to give you a true indicator of this challenging and bizarre market.
