Not Again! A Real Estate Market Update

Not Again! A Real Estate Market Update by Bill Roberts

This morning on the CBS Early Show Mark Zandy, the Chief Economist for Moody's economy.com said that he expects another 10% decline in real estate values over the next twelve months.

Why are they doing this? Haven't they fueled this market decline enough? Since markets are basically driven by psychological factors they are the problem. The mass media provides the information that most people use to make their decisions. If that information is faulty, then their decisions will probably also be faulty.

These so-called experts have a responsibility to all of us to stop spreading these negative opinions. After all, they are only opinions. TV allows them to promulgate these ideas to the general public. The public responds to this kind of "information." Their response makes the pronouncement correct. A self-fulfilling prophesy.

There is a lot of anecdotal evidence that we have reached a bottom, or are very close to it.

It is our duty to counter these TV "experts." We can't let them call the tune.

Watch this: