If you're not hearing this now, you can expect to start hearing it more and more in the near future. Often the things you read in the papers and see on the news are accurate, and I'm not saying that you can't believe what you read and see, but you need to put it in terms that are going to be relevant to your specific market.
What's going on in Boston or Miami or California will not necessarily correlate to what's going on in the Twin Cities. It's very important to keep this in mind and seek out someone who works in the area in which you're planning to buy or sell. Even I can admit that it won't always be me. You can't know every market, and anyone that tells you they can is giving you bad information.
So remember, while all the markets have slowed, things are not always as bad here as they are across the nation. Make sure that whoever you work with can show you the differences.
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