It’s Not Good News Nor Bad News….It’s Just News!

So many people want to hear news on the housing market and immediately categorize it as either good or bad.

In reality, most news about real estate is not ‘good’ nor ‘bad’. It’s just news. Current home values are much lower than just a few years ago.

Many see this as bad news. However, there are two competing parties in every real estate transaction. When a house sells today, 50% of the people in the transaction (the sellers) could see the lower prices as bad news. However, the other 50% (the buyers) probably see this as great news.

Many have said the struggling global economy is horrible news for the real estate market. But, the current economic challenges have also brought us below 4% mortgage interest rates. We will see the eventual recovery in the economy as good news for housing values. Let’s just realize that, at that time, we will also see rising mortgage rates as bad news for buyers.

There will be challenges in every housing market. Those challenges will also bring opportunities.

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I believe we need to spend less time trying to categorize the news and more time highlighting the opportunities the market presents.

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About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.

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