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COMEBACK IN THE HOUSING MARKET?
DO YOURSELF A FAVOR.  SMILE OR EVEN LAUGH AT YESTERDAY'S STORIES ABOUT THE SEPTEMBER NUMBERS ON EXISTING HOME SALES.  A MONTH FROM NOW THEY WON'T EVEN BE REMEMBERED.  AND TWO MONTHS FROM NOW PEOPLE WHO RUN ACROSS THESE REPORTS WILL SHAKE THEIR HEADS AND ASK:  "HOW COULD WE HAVE LET THE FEAR-MONGERS AMONGST US SPIN SUCH TALES OF THE END OF THE WORLD BEING AT HAND ON HOUSING, WHEN IN FACT WE WERE LOOKING AT THE END OF THE HOUSING PANIC AND THE START OF A MAJOR, EVEN MASSIVE, COMEBACK IN THE HOUSING MARKET."
MAYBE IT IS BECAUSE I HAVE SO MANY YEARS OF BEING INVOLVED WITH BANKING AND REAL ESTATE THAT I NOW HOLD OFF FORMING JUDGEMENTS UNTIL I PICK A NUMBER UP, TURN IT SLOWLY TO EXAMINE EACH SIDE AND THEN EVALUATE IT TO FIND OUT WHAT THAT NUMBER IS REALLY TELLING US.  THAT IS NOW SUCH SECOND NATURE TO ME THAT I AM ALWAYS SURPRISED TO FIND SOMEONE, ESPECIALLY ONE WHO WANTS TO BE SEEN AS AN OBJECTIVE PROFESSIONAL JOURNALIST, WHO SEEMS TO BE DOING THE OPPOSITE - NAMELY TWISTING DATA TO FIT A SPECIAL PURPOSE, SCARING READERS AND VIEWERS OUT OF THEIR WITS AND MAYBE HELP RATINGS IN ... more

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