Professionals Real Estate Journo’s overreact
Some Journo’s overreact because they are not seeing the total picture and they mis-communicate results. Yes, Adelaide house prices were down for the month of October by 2.4% on the medium dwelling price; but for the quarter, they were still up 1.3%; and year on year – 3.5%, as reported earlier today by RP Data – Rismark Hedonic Daily Home Value Report. October was the first month where prices were down after four months of increases, so there’s no reason to panic.
The story is very simple…real estate investment is a long term strategy and is not bought and sold monthly.
