So…What’s the truth about Real Estate Today? The National Association of REALTOR®s (NAR) announced that home sales were up in June. Housing Wire announced that sales had dropped. Real Estate guru Steve Harney says, both of these statements are TRUE!
There are seven major reports, each measuring different data. Some look at average sales price, some look at houses that closed the previous month and another looks at house that went under contract but have yet to close! Bottom line: there are nuances in the reports and both media sources decided to focus on a different nuance; therefore, they are not comparing apples to apples!
What does this mean to you? That you should pick up the phone or type in the E-mail address, but whichever method you choose, contact a professional REALTOR®! They will explain the headlines, listen to you about your particular situation and help inform you as to how this information may affect you.
Mortgage rates are at their lowest point in over 30 years. Housing prices have stabilized in the Chicago metropolitan area. What are you waiting for? Get off the fence!!
