For all of you who have been forced to take flight from your home today for the requisite Open House, and for those of you who consequently find yourselves on a park bench from 1:00 to 4:00 with laptop in tow, take a moment to read Jeff Brown’s recent article on the real estate market in review. It just might put all of this craziness in perspective. This is a great primer if you (or your agent) haven’t lived through a market cycle, and it’s a great refresher for those of us who have.
Bottom line: If you suffer from real estate myopia, you may be feeling a little airsick. If, on the other hand, you are willing to consider the market in the broader, long-term context, you will see a course correction rather than a nose dive. There’s no need to assume the crash position; I recommend you take Jeff’s chill pill and call me in the morning.