The Latest Case/Schiller Index of Housing Values

26 05 2009

What (I believe) is the most negative Housing Index in America – Case/Schiller – was announced this morning.  It painted (as always) a horrible picture of housing values nationally. 

As has been the case for some time now, Denver and Colorado, have been the exception to the (Case/Schiller) rule.  According to Case/Schiller, housing prices in Denver and Colorado once again increased.  Again, this is as the Case/Schiller folks announce the worst picture they have ever seen country wide. 

When it comes to things like the Case/Schiller Index, the media and the population in general tend to be very “headline” oriented.  Study after study reveals that the media and the general population haven’t a clue as it relates to housing values. 

In Colorado Springs (one of the best real estate markets in America) I have conducted several informal surveys in recent months and overwhelmingly the general population in the Colorado Springs area believes real estate is dropping dramatically in value.  This belief flies in the face of study after study showing that it is increasing. 

This is important because perception IS REALITY when it comes to population beliefs.  A wise investor can use this to his or her advantage.  If you know “all is well” and the person you are negotiating with believes the sky is falling, you have a HUGE competitive negotiation advantage. 

It is critical (as an investor) that you understand clearly and accurately your local market.  It is foundational that “REAL ESTATE IS LOCAL!”  What is happening to real estate in Colorado Springs has almost no impact on real estate in Des Moines.  In fact, it has very little impact on real estate values in markets less than an hour away like Pueblo and Denver. 

Do your homework from independent and local sources.  That will make you money.




4 responses

8 06 2013

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8 06 2013

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22 07 2013

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27 07 2013

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