News outlets constantly report on jobs, housing prices, housing inventory and a myriad of other factors that affect the residential real estate market. With every data point it seems like the stock market moves up and down in a ratcheted fashion as if the latest data point has solidified the recovery or the doom of the market. Smart investors would be wise to look at trends and to always remember, real estate at its core is an investment in a location.
Jobs and the Economy
Jobs and retail sales can be a good barometer of the national economy. If people are employed and spending money, it is generally a good bet that the economy is doing well. This is a positive sign for real estate, but here is where the local part comes in. Cities like Detroit and Cleveland know all too well that they are not represented by national statistics.
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