Sunday, July 5, 2009
Real Estate Market Contradictions
Well, a certain news website has once again shown it's ability to not only continue sensationalising contradicting market data, but has managed to put it on the one page! I'll be the first to admit, these two articles are not directly related, but the first optimistic article is definitely negated by the doom and gloom "sales tumble" in the second. I mean seriously, which one should a property investor read? I read both and find both are littered with individualised pieces of information that in reality, tells us not much about what is happening with the market overall. I love the word "tumble" in this heading, referring to a 5% correction after the market had began moving upwards.....it seems the need to glorify one set of slightly negative data is still in fashion.