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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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