(MarketWatch) -- Challenging real estate markets can be found across the U.S. as home prices decline, sales fall and foreclosures rise. But in some places the biggest challenge has been convincing would-be buyers and sellers that local conditions don't resemble the national trends.
It's a challenge that Randy Jeffers, chairman of the Texas Association of Realtors, faces all the time.
While the number of sales has fallen somewhat, he still regards his market of Amarillo, Texas, as a seller's market right now. The median price of an existing single-family home in Amarillo was up an annualized 11% in the fourth quarter, according to the National Association of Realtors.
"Often they're surprised about what is going on locally or statewide," he said of his clients. As the country's collective housing ills land bold headlines, locals incorrectly extrapolate the information to their own markets, Jeffers added.