I saw yet another news article this morning giving the same old non-sequitors and passing it off as good journalism and financial reporting. The headline read, “US’s housing prices fall at record rate”. Yeah, well, DUH?!
Do these people think we are stupid? Of course you will have prices fall at record rates… We have a record number of foreclosures! Like all markets, the housing market is cyclical. That means there will be ups and downs, peaks and valleys, good times and bad ones. What we have to remember is to wade through all of the crap, heresay and opinion out there and trust the numbers. Look for your deals in the best locations to grow your business and forget what the local financial reporter for NewsNetwork Corp. is telling you. Or, you can be like me and read between the lines.
The housing market and overall real estate market is correcting itself due to bad valuations and shoddy business deals. Just let the market work.
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