Local vs. National News
OK once again I am going to say it, All Real Estate is Local, meaning I don't really care what Las Vegas is doing, and I REALLY do not care about California. So why is it that that is all we hear about? Florida is a little closer to home, and well New York is understandable, but still not relavant to Lexington, or Kentucky for that matter. However we have to realize this is what our clients see everyday. Like the article on Yahoo today...Home prices post 18.1 percent annual drop in AprilWidely watched index shows home prices down by 18.1 pct. in April, but trend is stabilizing Case-Schiller? Again that is only 20 cities, and none of them are in Kentucky. Plus it says that 8 of the 20 posted gains. WHO CARES ABOUT VEGAS!? But this seems to contradict what NAR says...Take a look at the recent local KAR and LBAR numbers to see what is happening in Kentucky and Lexington. Which one of these makes more sense to you and your clients who may be selling or buying a home? So share it...
No comments:
Post a Comment