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No crystal ball

December 3, 2010

Crystal BallI spent some time tonight looking through all the comments posted on Zillow.com by Realtors back in 2008 and 2009 making predictions about when the real estate market would turn around. Not a single person was even remotely accurate in their forecasts.  People were saying things like, “I see the bottom of the market approaching with a probable increase in real estate property values starting around summer of 2009.”

No such luck. Here we are at the very end of 2010 and the bottom is still not here.

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Comments

3 Responses to “No crystal ball”

  1. Tigard Oregon Homes on December 10th, 2010 12:23 am

    I was wrong too. This recession is a duzy with no historical perspective. All the rules have been broken on this one.

  2. Warner Robins Real Estate on January 30th, 2011 9:18 pm

    It’s survival of the fittest time…bottom of the ninth…whatever analogy you want to use. The savvy agents who have embraced technology will come through this storm in good shape.

  3. Realtors on March 9th, 2011 4:38 pm

    Warner Robbins makes a valid point. One cannot just sit back and rely on old methods. Innovation, expanding your knowledge of the current and future market, and embracing web 2.0 as a marketing tool are all ways agents can rebound from the bubble. If agents are getting back on their feet, then that is usually good things for the people that matter the most: their clients.

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