Do you want content like this delivered to your inbox?
Share

Don’t Be Fooled by Remarkable Real Estate Headlines

Share

Don’t Be Fooled by Remarkable Real Estate Headlines

Andy Rose

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Apr 22 4 minutes read

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.

While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This will result in what will appear to be unbelievable growth.

Let’s use single-family home sales as an example:

Don’t Be Fooled by Remarkable Real Estate Headlines | MyKCM

As the graph reveals, last spring’s buying market was anything but typical. Instead of sales increasing, they fell sharply as a result of stay-at-home orders that virtually shut the real estate industry down.

This spring’s real estate market will bounce back with more normal seasonal sales increases. The percentage increase in sales will be astronomical – not because sales have skyrocketed, but instead because they will be compared to last year’s low numbers.

Bottom Line

There are likely to be some sensational headlines about real estate over the coming months. However, don’t be fooled. The actual story is that the real estate market is finally back to normal.

FEATURED LISTINGS

Get instant access to the latest properties to hit the real estate market.

FEATURED LISTINGS

Are you a Veteran? 

Let us help!


As a Veteran, we specialize in helping Veterans utilize their VA Home Loan Benefits. 

Check out our Veteran's Page.

VA Home Loan Benefits

Andy sold it quickly after it sat with another agent!

Our home had been on the market for 4 months with a previous agent. My husband found Andy on a real estate group. Andy was very knowledgeable in my area. He suggested making a few minor updates and listed our house for $30k more than it was previously listed for. It took Andy about 2 weeks after listing it to get 2 offers on my house. We finally closed on our house after an offer of only $5K off of ask.

Verified by RateMyAgent

Get your home's accurate value.

Instead of a robot and an algorithm, we use our experience and up-to-date MLS data*

  • Step 1
  • Step 2
First Name
Last Name
Email
Phone
Best time to call

We'll be in touch soon!

Our goal is to send your report over within 24-48 hours. In the meantime, hear from our past sellers about their experiences.

Now partnered with Corcoran

Andy Rose is now partnered with Corcoran Reverie in Florida. 

Corcoran Reverie is known for their knowledge and experience with luxury beach properties along Florida's panhandle. Your beach home search starts here: www.YourEmeraldCoast.com

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info