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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Broken_Clock who wrote (60010)8/15/2006 5:36:51 PM
From: TradeliteRead Replies (2) of 306849
 
Yes, I can see a problem there, especially when working with sellers to help them price their properties appropriately, but I can't see generalizing about the market nationally or focusing on Michigan, using one's own perceptions on a month-to-month basis, either.

Try using your own instincts or non-published source of data without extremely precise LOCAL AND UP-TO-DATE data to convince a seller he has to reduce his price to keep pace with the market. It won't work. You need the data. I don't think the poster I was responding to has that data--and all I said was that Michigan probably shouldn't be written off as a permanent lost cause.
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