Episode 130 - Is YOUR Market Increasing?

Headlines and social media are showing all kinds of market changes. Good, bad, ugly – who knows? You do, if you perform your proper due diligence. Don’t quote national and state statistics that are wrong and based upon data that may not be indicative of your local markets. Pay attention to the actual pieces that affect your market and be the expert.

 

SHOW NOTES

• 01:40 – Is YOUR market increasing? Talk of inflation, recession, etc. is driving people crazy. What is actually happening?
• 04:05 – News article about Indiana being the best state to weather a real estate market recession.
• 05:55 – What data is being used in the statistics?
• 07:00 – Will agents still claim markets are increasing like they did back in 2006 and 2007? Are you looking at national, state, or local markets?
• 09:30 – Example of agent looking at all properties for a condo valuation.
• 11:45 – Watch the number of showings in a market.
• 12:30 – How many multiple offers are you receiving?
• 13:00 – Watch the list price to sale price ratio.
• 14:20 – What are employers doing in your market? Hiring, firing, or laying people off?
• 14:40 – What are builders doing with buyer incentives and commission to agents.

 

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