Every time I read a real estate statistics report generated by the National Association of Realtors (NAR), I try to figure out if they are purposely misleading the public or if they are just not knowledgeable about real estate brokerage.
You see, NAR likes to use data to deliver its message. Instead, wouldn't it be nice if they were to use their comprehensive database to tell us what is going on in the housing markets across the US?
Here's a prime example of the problem that this poses.
Study Of Time On The Market By NAR
For years, I have been advising...
As more areas and price ranges reach market equilibrium, we are seeing home values move higher.
If you are wondering if this trend will start to cool for homes for sale in Tallahassee, I would tell you that it is highly unlikely when we consider two key points.
Latest Trends Support Continued Growth
When we look at a graph of home value trends in Tallahassee, we can see that all recent activity has been above the trend line.
Have you recently used the Zillow Real Estate Value Tool and find yourself curious about its accuracy?
In my recent article about home valuations, I discussed some of the benefits and pitfalls of using an online home valuation tool. But apparently my "dusting" of the subject caused a few people to want to know more.
Specifically, they asked about whether the Zillow real estate value of their home was more or less than its current market value.
The Accuracy Of Your Zillow Real Estate Value