Charlottesville People – Do you Care What the National Association of Realtors Say?

I know I’m a broken record. I get a tremendous amount of value from the National Association of Realtors – from their publications (On Common Ground is tremendous), to the lobbying they do to the information they share … but as far as home sales data and projections, I don’t understand why there is so much gnashing of teeth and complaining about the NAR’s projections and data. The NAR is a trade organization for Realtors. I’m not bashing the NAR, but I would like to see their analysis put in the appropriate context.

Understanding the Charlottesville area real estate market is a full-time job – representing buyers and sellers, analyzing the market, etc.; making sense of the nation’s housing market – I’d go so far as to say it’s impossible to do accurately or credibly.

For a brief summary of where we are in Charlottesville:

Nest’s January 2012 Real Estate Summary

Nest’s 2012 Annual Report

And the “Market Statistics” category in RealCentralVA. Or, better yet, if you have a question about the market, start your research looking at the broader market statistics and then, ask me.

To see the responses to the title question from those on Twitter, read the rest of the story.

In other words, as I wrote in November of last year:

The National Association of Realtors is a trade organization, whose mission is to help its members. I am grateful for what they do with respect to lobbying; someone’s gotta do it. But they are not an unbiased news (heh. do those exist?) organization. Remember that.

Ardell says it extremely well:

My point is people have to stop thinking that “a NAR” is some kind of public interest group. They are a trade association supporting a business, the same as any other commercial.

As a complete aside, I love @Storify. This is one reason.

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  1. jasonsee February 22, 2012 at 13:48

    Why would I? This is a case where local is better. 

  2. Shannon Harrington February 25, 2012 at 23:53

    The media spends tons of time frothing about housing and how the sky is falling. That’s the media’s job, and they sandwich these stories in between other overblown hype.

    The NAR’s job is to balance this junk with trying to talk standards, and rebut the fear mongering in a broad way.

    They are not designed for local analysis. We are.

    Well said, and thanks for pointing out this distinction.

  3. Pingback: Contracts in Charlottesville and Albemarle are up (February 2012) | |

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