Ep. 3 - The News is Not Your Friend
Some of us get so wrapped up in the latest news that we forget to step back and think about what is actually happening. So today's episode is all about how to drown out the noise. Me and Alex Stewart (Co-Founder – The Market Distillery and Sales Manager – Bank of England Mortgage) dive deeper into the flashy headlines surrounding the current real estate market. It’s no secret that most people go to the internet to find information and answers to questions that they currently have about the housing market: What is my home worth? Is it a good time to buy or sell? It could be life-altering (good or bad) if you take action based on the information you find online without looking deeper at the content behind some of these often misleading articles designed only to get clicks.
We all know the news is not your friend, so let’s jump right in and talk about drawing out the noise of the media.
[00:00 - 06:16] Pleasure vs. pain in the headlines
[06:17 - 11:08] What is REALLY happening in the market? How to get facts over fiction
[11:09 - 16:21] How you as a consumer and homeowner should read these articles and compare them with Corelogic Home Price Index
[16:22 - 19:01] Don't get fooled by the noise. Homeownership has always been and will be one of the greatest investments
Quotes:
“The desire to be right oftentimes overwhelms the desire to be accurate.” - Quinton Harris
“Forecasting is not a perfect thing… but when you have reporters writing articles based on the forecast and assigning so much value to them like they’re the gospel, that’s where we get into trouble.” - Alex Stewart
“Don’t get clouded by the noise. Don’t let this fool you… Turn to people that are considered advisors and professionals that have been in the business and that understand their local markets.” - Quinton Harris
Resources Mentioned:
Ever ask yourself, “How’s the market?” With us, you’ll never have to again! Visit https://www.themarketdistillery.com/ and gain accurate and digestible insights that will help you serve your clients and expand your real estate business.
Be sure to Leave a Review + Subscribe to the show for more value.
