Don’t Be Fooled by Remarkable Real Estate Headlines

<article class="post-2112 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2112"><span class="entry-date">April 22, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Don’t Be Fooled by Remarkable Real Estate Headlines</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Don%E2%80%99t+Be+Fooled+by+Remarkable+Real+Estate+Headlines&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdont-be-fooled-by-remarkable-real-estate-headlines%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Don’t Be Fooled by Remarkable Real Estate Headlines | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140138/20210422-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140138/20210422-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140138/20210422-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.<span id="more-44245"></span></p>
<p>While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This will result in what will appear to be unbelievable growth.</p>
<p>Let’s use single-family home sales as an <a href="https://cdn.nar.realtor/sites/default/files/documents/ehs-02-2021-single-family-only-2021-03-22.pdf">example</a>:<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140136/20210422-MEM-Eng-1.png"><img alt="Don’t Be Fooled by Remarkable Real Estate Headlines | Simplifying The Market" class="aligncenter wp-image-44246" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140136/20210422-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140136/20210422-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/21140136/20210422-MEM-Eng-1-400×300.png 400w" width="650"/></a>As the graph reveals, last spring’s buying market was anything but typical. Instead of sales increasing, they fell sharply as a result of stay-at-home orders that virtually shut the real estate industry down.</p>
<p>This spring’s real estate market will bounce back with more normal seasonal sales increases. The percentage increase in sales will be astronomical – not because sales have skyrocketed, but instead because they will be compared to last year’s low numbers.</p>
<h3><strong>Bottom Line</strong></h3>
<p>There are likely to be some sensational headlines about real estate over the coming months. However, don’t be fooled. The actual story is that the real estate market is finally back to normal.</p>
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