Are you worried about the Fiscal Cliff? Checkout Marte Cliff's post about it. Please stop by Marte's blog and leave her a comment or two. I find her post more interesting than the original article
Today's email brought a selection of articles from Realty Times - and this one really caught my eye, because the author has apparently found a crystal ball.
According to the article, the fiscal cliff is going to slow the housing recovery in 2013, but by 2017 homes will be appreciating at 3.3%. One reason for this recovery, they say, is "better job prospects and overall economic growth."
Really? When all predictions say that increased taxes will lead to even more job loss and a slowing of the economy?
You have to wonder about people who write these articles. After he states that things are getting better, and after he says that prices in Miami are up 6.9%, he predicts that 8 markets in Florida will experience further price declines over the next 2 years.
He also says investors are snapping up foreclosures as fast as they come on the market, but that's going to end.
Now, I know that anyone who can put sentences together can write an article. I'm not one to believe everything I read.
What bothers me is that consumers read this stuff! Hopefully most are smart enough to know that no one can predict what's going to happen next.
But you as agents need to be ready for the ones who aren't. They'll pick the parts of this article that they want to believe - and they'll expect it to be true for their market.
Priest River, Idaho
Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras