Tuesday, January 11, 2011

"Chatter"

January 11, 2011

Recently the news media has used the word "chatter" to describe messages that security agents monitor on the Internet. One of the definitions of "chatter" found on the Merriam-Webster web site is "electronic and especially radio communication between individuals engaged in a common or related form of activity"; a second definition is "idle talk".

So, why did a choose the word "chatter" for today's blog about real estate?
Radio, daily newspapers, weekly or monthly news magazines are also "individuals engaged in a common or related form of activity" or "idle talk". The subject is the housing market. The "chatter" is about the rise or fall of housing values and volume.

It is just my opinion but it seems to me that speculation or prognostication about whether home prices are stabilizing or still have further to decline falls in the category of "idle talk". I know that folks are interested in knowing which way the market is trending. This knowledge can be helpful as buyers and sellers make their decisions about entering or exiting the real estate market. However, it seems to me that real estate markets differ locally and following the local data will be a sounder way to approach real estate decisions in 2011.

I try to post real numbers so that my "chatter" allows those individuals who are interested in real estate activity can make a judgement about what might be an appropriate time to act.

My bias as a real estate professional is that anytime has pluses and minuses and that anytime one's housing is in need of a change is the appropriate time to act.

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