While overall home prices are dropping fast and furious, resales were up in October, which is good news for those selling their homes.

The basic lesson we can take away from all of this is that “trends” don’t really mean as much as what is actually happening in your area, with the kind of home you’re looking to buy or sell.

In some areas, home prices are still rising, while in other areas, they’re flat, and in yet other areas, they’ve been plunging.

It’s like not counting your chickens before they hatch. Watch what home markets in your area are actually doing.