By Joe Lins
September 21, 2024

In today’s world, real estate information is everywhere—national news channels, online blogs, podcasts, social media influencers, and even dinner table conversations. With so many sources of information, it can be easy to get overwhelmed or misled. But whether you’re a real estate agent, buyer, seller, or just someone interested in the housing market, one important question remains: Who are you listening to for your real estate advice?

Getting information from the wrong sources can not only confuse you but may also lead to poor decisions when buying or selling property. Understanding where to find accurate, trustworthy, and relevant information is the key to making smart real estate choices.

For Real Estate Agents: Local Expertise Over National Pundits

As a real estate agent, your expertise and reputation are built on the knowledge you provide to clients. One of the biggest missteps agents can make is relying too heavily on national news for market updates. While national outlets may offer an overview of trends, they don’t account for the unique intricacies of local markets. What happens in Florida or New York doesn’t necessarily reflect the conditions in Southern California—or anywhere else, for that matter.

Instead, agents should rely on trusted local sources like their broker, regional MLS (Multiple Listing Service), or local Realtor associations. These resources offer timely, precise data and trends that reflect the reality of your local market. Your broker can provide valuable insights about local laws, regulations, and market conditions that are essential for your clients. Having this localized knowledge will improve your credibility as an agent and also equip you to provide the most accurate information to your clients.

For Buyers and Sellers: Listen to Your Trusted Realtor

If you’re a buyer or seller, your choice of whom to listen to can significantly impact the success of your real estate transaction. Too often, buyers and sellers make the mistake of basing their expectations on what they hear from national news sources or even a family member who heard something on the news. However, California’s real estate market, for example, operates very differently from other parts of the country. News stories about falling prices or interest rates might apply in other states, but they might not tell the full story in your local area.

Buyers and sellers should always turn to a licensed, experienced real estate agent in their community. A trusted agent understands the local market dynamics—like housing inventory, price fluctuations, and buyer demand—better than any broad national report. They can also provide personalized advice based on your unique situation. If you’re buying, they’ll help you navigate competitive offers, while if you’re selling, they’ll guide you on pricing strategy and the best time to list.

Your agent’s insights will be tailored specifically to your market, making them far more valuable than the one-size-fits-all approach often presented by news outlets or online forums.

Why Local Expertise Matters

The key takeaway for both agents and consumers is that real estate is inherently local. Trends, property values, and even buyer behavior can vary widely from city to city, even from neighborhood to neighborhood. Listening to experts who understand your market is crucial for making informed decisions.

For real estate agents, staying connected to local data and continuing education through your brokerage or professional organizations will ensure you are giving your clients the best advice. For buyers and sellers, working with a local agent who has their finger on the pulse of your community can make the difference between a successful transaction and a missed opportunity.

So next time you’re scrolling through your news feed or hearing about national housing trends, pause and ask yourself: Who am I listening to?

By focusing on local expertise and working with trusted professionals in your community, you can avoid the pitfalls of misinformation and make smarter, more informed real estate decisions. Whether you’re an agent advising clients or a buyer/seller navigating the market, remember that local knowledge is everything in real estate.