If you need assistance, please call 256-427-2777

Local vs National News

Monday, March 6, 2023   /   by Chris Hulser

Local vs National News

As we go about our days listening and watching the news I can't help but notice that nationally the news media is making the real estate market look like it is crashing when in all reality it isn't.  Has it slowed a bit...yes, but it needed to.  The craziness of 2021 and early 2022 had to slow down due.  One of the major reasons for the slow down besides rising interest rates was the lack of inventory.  Inventory was at a record low with buyers snatching up anything they could.  What doesn't help the consumer's perception of the real estate market is the national news media exaggerating or making opinion based remarks with no facts to back up what they are saying.  My advice...talk with a local REALTOR who has real numbers in front of them and that knows the local market.  Not someone who has no clue what is happening in your local market.  Every market is different and every market will have it's ups and downs but real estate is not a one size fits all when the media is putting out their version of the facts.  The Huntsville real estate market is still very strong and homes are coming on the market and selling. Inventory is growing which is giving buyers more options.  Buyers are buying despite higher interest rates.  I think because we had gotten so used to interest rates in the low 3%'s that when they started to go back up buyers panicked when in fact this is just a normal part of the cycle in real estate.  Buyers and sellers should look back in the 70's and 80's when interest rates were as high as 16% or more...consumers still bought homes.  So if you take anything from my opinion that I have stated here...it should be to trust your local experts and not the national news that is make a general statement that might not be accurate for your area.

Chris Hulser
Broker, Owner
EXIT Realty North
EXIT Realty North
Chris Hulser - Broker
1896 Slaughter Road Suite F
Madison, AL 35758
EXIT Realty North HSV
Kynan Dovonan - Qualifying Broker
408 Franklin St. Suite #110
Huntsville, AL 35801

The data relating to ValleyMLS on this Web site derive in part from the North Alabama MLS (NALMLS) IDX datashare program. © 2023 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
This site powered by CINC: www.cincpro.com