As the housing market makes it's adjustment from the dark depths of the "bottom," we'll have to be smart about interpreting what this means for "our" market. We're starting to see glimmers of hope in real estate. Banks are starting to lend again and consumers are starting to get back into the market, but the important thing to understand is that blanket statements, about the "health" of the real estate market, are NOT going to give you an accurate picture of 'your' MIDAD. These broad brush stroke statements are an injustice in helping you understand your home, your market and what you need to do.
As the real estate market begins its climb there will be imbalances within all local markets. These imbalances are created by MIDAD within a particular area. I also like to refer to these as 'neighborhood-markets' and the data for these areas will be a bit harder to locate. Information on MIDAD won't pop up on the evening news, they won't be mentioned in the national media and they won't appear in your local paper. These markets will be the pockets within your county, city and neighborhoods. You'll see a level of activity in one area that won't be MIDAD in other areas. You'll see homes selling on one street and nothing on its neighboring avenue.
As the real estate market begins its climb there will be imbalances within all local markets. These imbalances are created by MIDAD within a particular area. I also like to refer to these as 'neighborhood-markets' and the data for these areas will be a bit harder to locate. Information on MIDAD won't pop up on the evening news, they won't be mentioned in the national media and they won't appear in your local paper. These markets will be the pockets within your county, city and neighborhoods. You'll see a level of activity in one area that won't be MIDAD in other areas. You'll see homes selling on one street and nothing on its neighboring avenue.
