Is America Headed for Foreclosure?

Is America Headed for Foreclosure?The foreclosure mess.  To hear them (the so called experts)talk about it, you’d think it was the end of real estate investing as we’ve known it.

 

You’d  might get the impression we all need to sell out now while we can and if we can.

 

Is it possible there really is something to all this fear?

 

Hardly.

We think it’s a real estate cycle.  Nothing more, nothing less. 

 

Real estate has moved from the wild, almost out-of-control days to a more normal existence.  As we’ve pointed out before, the amateurs are getting out.  Maybe that’s not such a bad thing.  After all, they were the ones who ran many of the prices up.  

 

But get this article featured on The Huffington Post. Chicken Little is speaking.

“The Deep Slump” as they refer to it.  And what’s all this talk about falling prices?

 

It’s not happening where I live.  Nashville is steady and growing.  In fact Tennessee overall looks fair except for the numbers that Memphis has skewed. 

 

You have to look at the complete picture and do your due diligence.  Sometimes the numbers don’t show all the facts, esepcially if you are only dealing with averages.

 

This is one of the things we really need to be aware of.  We pointed this out time after time.  Real estate is local.  It isn’t national.

Just because certain areas are having a hard time and were over speculated with foreclosures and pre-foreclosures, doesn’t mean the entire country is going down.

 

Read Home Foreclosures Set a Record

 

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