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Gloom and Doom? Don't Believe It!
You can't get away from them – the "experts" who are eager to declare the worst. Yesterday's Baltimore Sun included this charming statement from an economist:  "The existing-homes market is now in free-fall." But I also saw an article that appeared in the online Ventura County Star in late September, and it has one of the best discussions I've seen of the immense gap between the stories of real estate market meltdown that seem to be everywhere, and the reality you see when you step back a bit and take a calm look.
The article talks about what they are seeing in Ventura County which is in Southern California along the coast between Santa Barbara County and Los Angeles County. But much of what is true there is true elsewhere in the country, including my area of Maryland.
The gist of it can be summed up in a paraphrasing of Mark Twain's famous quip:  "Don't worry, reports of the industry's impending doom are highly exaggerated. Buyers are still buying and sellers are still selling."
Sure, the market isn’t what it was a few years ago, but there are many in the real estate business who believe the market was due for a correction, ... more

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