Don’t Let The Numbers Fool You - Short Sale Fundamentals
 
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24
Feb

Don’t Let The Numbers Fool You

2011 home price statisticsI know I should learn to let go of 2011. We can’t live in the past and things are looking so incredible for 2012 that we should just set our sights high for the future and accept the hand we were dealt last year. But why not one more post about the past before we leave it for good?

A report just came out which I think is a really good example of how “stats” can mess with your mind. The report says that overall, home prices fell in the fourth quarter of last year. That might come as a surprise or it might not. But what should surprise you is that 27 states plus D.C. actually had price increases.

So just to spell that out for you – more than half the country saw improvements at the end of 2011. Should it bother us that the losses of less than half the country outweighed the gains of more than half the country? I honestly don’t know. Sure, I’d like to see gains across the board but is that realistic right now? You should not walk out of 2011 with a sense of loss. Because if you’re one of the states that saw a gain, it won’t drain your spirit to hear about losses halfway across the country. And you should be proud of the hand you played in helping things pick up.

We can’t all make waves across the US but most of us can make waves in our city, our county, or even our whole state. So leave the “statistics” alone for a minute and look at what you have. Let the momentum we’ve built up carry us forward and maybe, just maybe, it will continue to spread out.

Have a great weekend guys!


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