Oil and stock markets are national markets…International even. Real Estate is a local market. All Real Estate is local.
When the Nightly News blares, “the Housing Market is Crashing!”. They are selling fear for ratings and pointing to markets like Austin, Boise, Vegas, and Phoenix. But rest assured, they are not talking about Central Indiana. While prices in Boise and Austin are down 15-18% from their peak, cities in the Midwest (Chicago, Indianapolis, Cincinnati) are seeing housing prices flat to down slightly (think 2-3%).
So (for now, at least), let’s all take a deep breath and enjoy the holiday season upon us.
For a panic-free analysis, call or text me to strategize what’s in your best interest. And, of course, you need a Local Real Estate Expert for that!
