A Watched Pot …
I used to watch the financial news every minute of the day either literally in front of CNBC or via my Yahoo! portfolio tracker – then I grew up. When I was in my early 30’s I thought I’d be smart and let every talking head determine my outlook on the financial markets. I did so little studying of the actual facts.
Today, I’m up to my waist every day in preconstruction real estate. I’m having meetings with developers, I’m talking to clients, I’m hearing from agents … nationwide. My perspective on the real estate market isn’t determined by pop-news.
Granted, there are some facts that are conveyed via the media channels. But, is “some” news telling the truth? By this I mean is half the story really the truth. There is so much news that never makes the airwaves.
So, if I’m so smart …
This recent bit of news just gives me one of those “I told you so” feathers for my cap.
Housing experts, speaking at a recent Real Estate Connect conference,
said stabilization or improvement in mortgage rates, residential prices
and household incomes will spark a rebound in the housing market by
the middle of the year. read more.
- Kyle Dreier