The real estate market has changed, and continues to change - no kidding? As the world rode the wave of press releases about increasing home prices up, we all smiled and felt warm and tingly inside. The Real Estate Industry collectively trumpeted these facts of splendour - more, more, up, up ...
The US has taken an obvious lead in market value and activity decline. NAR, the collective voice of Realtors in the US, long ago recognized the need for straight talk – ‘market in change’, then finally in reverse – decline – this was open transparent admission and reporting.
CREA just invented a new standard. Claiming “House prices are skewed” CREA just reported the Weighted National Average Price for Sales on the Multiple Listing Service. Baaaad timing. In a world looking for transparency – who are these wizards of imagined standards? Hey people up there – look to NAR …lets report the facts so they are measurable, comparable…twisted any other way, your leadership as the credible source of information may in today’s new world fade.
Today as always – “average” is just that, “average information”. For exceptional information – hopefully people will rely on their trusted full-time professional that will share information as facts and trends instead of – sugar coated, credibility busting – invented terms to hide the obvious – we live in new and changing times.