The mis-education of Riverside first time home buyers

The internet has created an interesting dilemma for first time home buyers. There are seemingly innumerable experts who are touting information about the nationwide housing crisis being over. But how do you know if it’s information or mis-information?

Many of this new breed of experts might better be referred to as “fakexperts”. A “fakexpert” might be defined as an expert in misinformation.
An expert will SHOW you what the information means to you, to help you make a more informed decision on buying your first home. A “fakexpert” will spin the information in the best possible light, usually for their benefit not yours.

Here are some examples, you decide. Expert or “Fakexpert”?

The National Association of Realtors recently announced that “Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent. (Given the NAR’s recent decision to revise home sales downward for the last five years, it might make them the poster children for “fakexperts”)

Within hours of this information being released, a number of other “experts” came forward to either dispute the numbers or put their own spin on them:

“[It] is not quite as encouraging as it first appears given that it comes at the expense of a 5 percent downward revision to the previous month’s figures. (Capital Economics)

“Sales of U.S. existing homes marched upward in January, maintaining a trend that started in the second half of last year. (Moody's Analytics)

“Indeed, the market for existing homes is about as strong as it has been in five years, nationally and in all four regions. (IHS Global Insight)

Experts or “Fakexperts”? You decide, but these companies are being paid by someone to reach these conclusions.

What does it mean to you the first time home buyer?
Not much!
Local market conditions are far more important and it takes a local expert to SHOW you those trends and help you make the decision whether now is the right time to buy your first home.

We have helped thousands of first time home buyers get their piece of the American Dream. The one thing they have in common? They contacted us.