I was asking myself the question: "What makes a market turn?"
The truth is that the more people believe a market is good, the better the market. Of course the opposite if true as well, the more people believe the market is dropping, the worse the market fares. The old adage "Perception leads Reality"
I did a quick search:
A nice round-up of "negative" articles on Seeking Alpha
I also noticed that quite a few international articles were themed "positive" See People's Daily
So does this mean and the US market is trully all that bad and that all our investment dollars should be overseas? Or, does this mean that soon the US market is the place to buy, since it's been beaten down severely by negative press and perception in the marketplace?
On a bigger question, where are the leaders in our industry telling us that the market really isnt bad? Frankly, we lack good leadership in my estimation. Part of the problem herein is that the real estate market is heavily diversified with very few leaders owning a sizeable market share. Even the home building market is fragmented and just beginning a consolidation phase that may take another decade.
Calling some leaders! We need some leaders to step up and write and type and speak in favor of this real estate market and economy. We have the market that the rest of the world dreams to attain. I'd sure like a bunch of comments alerting us to highlights and turn-arounds and good news stories. I'll modidy my post as I receive the links.
Found a good one already, The Worst is Over
Bob, thanks for the email, I will post those links today too