Today on Yahoo.com CCC Money headline screamed: " Housing: it'll get worse!"
This one Internet site stated that in some areas of the US prices are expected to drop another 50%.
This alone has a cooling to chilling impact on all buyers and sellers. They read, digest, and believe), media: from newspapers, TV, radio and now the all powerful 24/7Internet.
It's a fact of life like it or not. Much of the hype and hysteria pertains to California, Lea Vegas and Florida. However the message is universal.
"The housing boom was unprecedented in U.S. history, quoted Michael Youngblood of FBD Management, and the correction will be as well."
Years ago a highly successful real estate individual said, Buyers, sellers and agents do not make a market. The "elusive" market is a combination of financial services, supply, demand and perception!"
Bill McInerney
No comments:
Post a Comment