Why_You_Should_Ignore_Trends_In_Real_Estate by georgetitan

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									Title:
Why You Should Ignore Trends In Real Estate


Word Count:
469


Summary:
Many people tend to get caught up in real estate trends reported in magazines, newspapers and on television.
This is a mistake of the highest order.



Keywords:
real estate, buyer, seller, trend, trends, colorado, texas, houses, homes, appreciation



Article Body:
Many people tend to get caught up in real estate trends reported in magazines, newspapers and on television.
This is a mistake of the highest order.


Why You Should Ignore Trends In Real Estate


In this modern information age, you can learn just about anything on a particular subject. While access to
information is usually a positive development, things can get a bit crazy if you get overloaded with it. Look
long enough and you can find two pieces of information offering exactly the opposite views on a subject.
Obviously, that doesn’t really help you make a choice.


In real estate, the information offered in the media is usually uniform. For the last six or seven years,
everyone with any brains at all has reported the real estate market has been hot. Now, many of these same
pundits are suggesting the market is cooling off. Some are even predicting a crash in the market.


As a potential buyer or seller, how should you evaluate the information being produce in the media? The
simple answer is you should ignore it. The problem with these reports is not the accuracy. Instead, the
problem is they are reporting national trends in real estate.


National trends are great and all, but they have little or no application to your specific area. Consider the
following if you do not believe me. The real estate market for the last few years has been reported as hot,
hot, hot. In Colorado, however, the market has been flat throughout this time. If you were considering
buying or selling in Colorado, the information being provided for national trends simply did not apply to
you.


If you think Colorado is the exception, it is not. The state with one of the worst appreciation rates over the
last four or five years, for instance, has been Texas. Put in practical terms, this means homes in Dallas,
Houston, Denver, San Antonio and Houston have not followed national trends. The only real estate trends
that matter are those in your local markets. Never rely on national data.


If you are considering buying, you have to be very careful when considering real estate trends. If it looks
like a seller’s market in your area, you may make the mistake of not buying. Even in a seller’s market,
buying a home is better than renting. Every day you are in the home is a day you are growing your personal
wealth through equity accumulation. Don’t stay out of the market simply because you feel it isn’t the right
time.


It is easy to get caught up in real estate trends since they are plastered in front of your face on a daily basis.
In truth, they really should not play much of a role in your decision making process.




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