I wish agents would stop whining about media coverage. The Media never get it completely right or completely wrong. I think we the public is smart enough to decide for themselves.
There are still many buyers that see the value in todayâ€™s market. Also, many people are buying and selling for the typical reasons people normally do: Upsizing, downsizing, moving in to the moving out of the area. Peopleâ€™s basic needs have not changes.
As for the question "How does this market compare to the last time this country was in a recession?"
The current economic conditions have not officially been defined as a recession, so letâ€™s call it an economic downturn for now.
The current economic downturn compared to the 2000-2001 recession. Currently we are seeing slightly less total residential sales but pricing is still way above 2000-2001 levels especially near the water.... more