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Real Estate

Real Estate and the Media Can Tell Conflicting Stories

by John Karadsheh October 28, 2013
written by John Karadsheh October 28, 2013
John Karadsheh

John Karadsheh

Every day people ask me, “Is now a good time to buy?” “Is now a good time to sell?” My answer to those questions always is, “It depends.”

Unless you are an investor looking for short-term gains or monthly cash flow, a house always has been a place to call home, not only an investment. Over the long term, we all want to see appreciation on our homes, and over time, history has shown that occurs.

Yet, when we are trying to gauge our real estate decisions, we often look to the media for answers. At any given time, you can pick up a newspaper or magazine, or visit a Web site and get conflicting information. Data almost always can be manipulated and interpreted to show whatever trend the analyst is trying to convey. Are we in a bubble? Is there shadow inventory? Are interest rates going up or down?

Below is a sampling of some of the mixed headlines from the last few years:

Real Estate Values

April 25, 2012

Residential price growth in metro Phoenix surprising. Zillow.com

May 8, 2012

Phoenix home prices predicted to fall 11 percent this year. Phoenix Business Journal

Shadow Inventory Predictions

June 13, 2012

Shadow inventory drops to lowest level in nearly three years. InmanNews.com

April 30, 2013

Home prices growing at pre-bubble rates on Bernanke boost, but big shadow inventory lurks. Forbes

July 9, 2013

Foreclosure inventory down 29 percent nationally from a year ago. Q1 2013 shadow inventory shows steep decline. CoreLogic.com

Housing Bubble

April 30, 2013

Boost in home prices doesn’t equal bubble. cnbc.com

May 29, 2013

Real estate euphoria: Is America in a new housing bubble?  YahooNews.com

June 7, 2013

No U.S. housing bubble. The Economist

September 10, 2013

We’re in another housing bubble. cnbc.com

September 23, 2013

Experts: We are not in a housing bubble. HousingWire.com

Jobs and the Economy

July 8, 2013

Phoenix No. 1 for economic growth, Tucson second. Brookings.com

August 21, 2013

Arizona’s job recovery among slowest in the nation. Phoenix Business Journal

September 25, 2013

Forbes lists Arizona No. 1 for projected job growth. Forbes.com

Interest Rates

October 1, 2013

Mortgage rates rise for the first time in three weeks.
U.S. Finance Post

October 1, 2013

30-year fixed mortgage rates continue downward spiral. Zillow.com

So, what do you, as a consumer, do about all of this misleading information? You can analyze it as much as you want, but at the end of the day, you need to decide what your real estate goals are. You can try to time the market, but homes are not stocks. Their values don’t change drastically on a day-to-day basis.

In a healthy market, you should see appreciation, but remember, real estate has and always will be meant to be a long-term investment and not a liquid asset. The best thing to do when trying to make a decision is to consult a qualified and experienced REALTOR® to help you navigate the entire transaction. 

John Karadsheh is a licensed REALTOR® with Coldwell Banker, Trails and Paths Premier Properties. He also is an Associate Broker, Accredited Buyers Representative and a Certified Residential Specialist. He was voted in the Top Five Residential Real Estate Agents in Arizona for 2012 and 2013 by Ranking Arizona, the Best of Arizona Business. You can contact John with any of your real estate questions. Call him at (602) 615-0843, or go to his Web site at www.BuyAndSellAZ.com.

 

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