There’s one thing that’s perfectly clear… Nothing’s clear. You can always tell when the media don’t have a clue what’s going to happen. They take one small piece of the truth and report it as though it were the whole truth. Today is a great example of that. MSN is reporting that housing starts for April were up, and they are painting a pretty rosey picture of the future. CNN, on the other hand, is reporting gloom and doom. Housing: Still searching for a bottom. Reuters, in a story picked up by USA Today has taken the middle ground, reporting that starts for April were up, but that building permits (a key indicator of future growth) were way down. They’re like the weatherman who says, “It’s going to rain tomorrow, but it could be sunny.” That’s a great position to take, if you can get away with it. At any rate, things are in a state of flux nationally. There are some silver linings, but you can’t dispel a few dark clouds. My advice? Read these stories and see which one you think fits your local scenario and go with that.
0 Responses to “Mixed Forecast on RE Future”