Ignore the next "Shocking" News Headline about Home Prices
Posted by Larry Tollen on
Sell! Buy! Mortgage Rates!Attention grabing headlines can be very destabilizing for buyers and sellers in today's real estate market. One of the biggest concerns for potential homebuyers and sellers is prices; are they going up, coming down' do you see inventory increasing; these are questions we hear almost everyday. Amidst the barrage of news headlines, it's really important to approach reports with the proper context. Let's explore the misconceptions surrounding home prices and why it's crucial to understand the concept of seasonality in real estate. By focusing on the market's normal seasonal trends and avoiding alarm caused by big headlines, we believe you'll be better equipped to navigate the housing market.
The Anomalous Years
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Are you having a difficult time discerning whether right now is a good time to invest in real estate, due to concerns about inflation? If you're considering buying a home in Durham or Raleigh, North Carolina, you may be dissuaded in making an investment because of the impact of inflation on your daily expenses, such as groceries and gas. However, as a renter, you may also have noticed that your rent is increasing as well. Given these elevated costs, it might seem counter intuitive to buy a home, however in the current market, it is a vital way of not only protecting your wealth, but of building future wealth.