Melissa's Blog Content
Market Watch & Trends
What can we tell about TRENDS?? In today’s market there is some uncertainty. Some say we are in a recession and some say No, not really! Some of the best economists don't even agree completely on it, but when it comes to our real estate market most are certain our housing market is stable and not crashing like some doom and gloomers want you to think, and I happen to agree.
What we do know and can watch is real data straight from the source, our Northstar mls system. This i...
I know right now there is uncertainty in the world and everyone has their beliefs and their forecast for the future of real estate. I say if you want real answers, go straight to the source!
The two graphs below (Info from FRED Economic Data) show our recessions over the last 55 years and our housing price Index. As you read each graph you can see that the only time we ever had home prices drop during a recession was our last one.
What does...
