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Looks Like They Found the Crystal Ball!

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 Crystal ball2013, 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


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C. Lloyd McKenzie, MBA

NM Real Estate Broker

Phone: (505)750-8552

Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Comment balloon 6 commentsC. Lloyd McKenzie • December 06 2012 12:37AM


The truth is no one really knows. We are all going to be the effect of how this game is played out. No matter what happens, I will not allow it to have an effect of my making a good living.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 7 years ago

Real estate is local and the recovery will vary. I agree no one has a crystal ball.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 7 years ago

Real estate is LOCAL so when the real estate market is described at NATIONAL levels, the last sentence in the article - WHOEVER'S article, should be to consult your local Realtor or Property Manager....HELLO!  We know the LOCAL market!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) almost 7 years ago

Good morning.

Posted by Joshua Zargari, MJ Decorators Workshop (MJ Decorators Workshop LI staging and home decorating) almost 7 years ago

You know, my grandfather used to say that opinions are just like buttholes, everyone has one and some just STINK.

When you state OPINIONS and back them up with no facts, that is just a STINKER.

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Division Specialist (Keller Williams Advantage III Realty in Lake Nona) almost 7 years ago

Most People will believe anything that someones says because it is what they really want to happen, Others just don't have the time to verify so they assume it is.

Posted by Charles Stallions Real Estate Services, Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl. (Charles Stallions Real Estate Services Inc) almost 7 years ago