If you aren’t a master in the real estate market, the focus of this information presented by Forbes may not be for you. It targets realtors who study trends and actively watch the market and put a high level of interest in fluctuation signals. It points you in the right direction by recommending focusing on the market area you’re currently working in, networking with individuals who specialize in taxes and listening to the people on your team working with you from the ground up.
- Remember that most market fluctuations and trends that make the news are highly general in nature.
- Although it’s fine to start with general inclinations, it’s important to fine-tune your trend-watching to hone in those market variables that specifically affect your state, city and neighborhood.
- Although media indications are always worth a second look, it’s extremely important to pay attention to your real estate agents day to day perceptions, as they are in fact your boots on the ground.
“When appreciating, the market moves from the bottom up. When money is available, the lower, mid and high-end are doing well.”