The Sky is Falling The Sky is Falling...

By
Real Estate Agent with Phoenix Property Shoppe AZ Broker BR030809000
https://activerain.com/droplet/5kDB


The Sky is Falling The Sky is Falling...

 

The last week of August 2019 was a non-stop blah blah blah media craziness about the 'looming' recession.  Ridiculous absolutely ridiculous. There I said it, ok. And I have my reasons for saying how ridiculous the blah blah media blitz has been. I'm the type of person that deals with facts from multiple financial analysts that know and understand how markets work.  And I've been studying the markets for sometime, years actually. And naturally being a real estate broker, I keep abreast of the real estate market and trends in my area as well as national trends.  But please keep in mind - real estate is local, not national.

 

Let's start with the inverted yield curve. For Pete's sake an upside down yield curve for a few hours or even a few days does not denote a recession is imminent. Sure in the past, it has denoted a recession 'could happen' say 18 to 24 months out, but not always when there are other factors in the mix, like a stong economy. From my understanding, the reason the yield curve was inverted had more to do with A LOT of money coming into our country from the countries that have a negative economy. Of course they'd want to park their money in the U.S.A. market. That just makes sense. Our economy is strong.

 

I also heard A LOT of media folks creating a huge fire storm with the R word, over and over and over and over and over and over. You get my point.  Of course some folks are going to get all fired up and believe the big R is coming soon after all that blather. Some folks even suggested it's what the country needs to get rid of the current President.  Seriously,  you'd rather take down millions and millions of people financially for an election? Do you hear yourself?  I wonder about how all your viewers and subscribers would feel about that idea. Sure sign me up?  I highly doubt that. That whole idea is just nuts in my opinion. Thankfully the R word brew ha ha has died down somewhat this week - or so it appears. Let's let it.

 

My last last point is China.  China is a long game. It's taken 30+ years to get where we are with trade and theft of our intellectual property. I've often times wondered why on earth would some of the big corporations allow this to take place? For their bottom line of course. I know a number folks that have worked on big projects in China training people for years, and they thought the same thing.  I do know it's not good to get stuck in this crazy upside down trade and intellectual property place for another 30 years while we are losing billions a year.  It may take some time to get a more reasonable trade situation going on with China and I choose to let the process work itself through. It's complicated.

 

So what about the real estate market in Phoenix? It's going strong with lots of sales of both new builds and resell homes. In some areas the market leans towards a sellers market, in others it's more balanced between sellers/buyers market. It's very important to hire an agent that knows and understands the current market and trends in your area - no matter where you live!

 

My very last point.  This is not a political post. I repeat NOT a political post.  Whatever views you have is fine by me. I respect other folks views, kind the old fashioned way it used to be. And honestly I'd like to see respect along with civil discourse become the norm once again.

 

Thank You Debe Maxwell, CRS for this fantastic idea for an AR challenge Fall Challenge 2019 - Plan By Anwering The Difficult Questions.

 

 

 

 The Sky is Falling The Sky is Falling...

 

BTW the sky is not falling...

 

Posted by

 

Phoenix Property Shoppe
  

 

 

Anna "Banana" Kruchten
Designated Broker & Owner
CRB, GRI, CNE, WLS


Phoenix Homes For Sale

 

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Rainmaker
3,268,931
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

I am not going to the R word or participating in the contest that is oh so negative...

Sep 13, 2019 03:34 AM #73
Rainmaker
981,121
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Finally getting around to commenting.  Busy times - which proves that the article is bunk.  At least for Arizona anyway!  Hope you're doing well girl - is it happy hour time again?

Sep 14, 2019 05:50 PM #74
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh boy! I thought I would pop over to see if you had the same negative ninny on your blog too. 

You know, if you are in this business and you're busy, wouldn't you question the news media? Wouldn't being prepared be a positive thing? 

I can tell you that all of the research I've done on this topic has come in handy to share with my sphere when they ask me if they should hold off on buying because of the ___. I'm hopeful that others were helped by this challenge as well.

Sep 15, 2019 10:32 PM #75
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Anna Banana Kruchten - Phoenix Homes Sales
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603-380-4886

Hi Jan Green agreed lots going on here and in many towns across the U.S.A. Everywhere I go there is a lot of building going on and when I see cranes in the sky - that means good stuff.  You're on for HH soon!

Sep 16, 2019 10:09 AM #76
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Anna Banana Kruchten - Phoenix Homes Sales
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Debe Maxwell, CRS haha the main stream media and trust?  Not sure that is remotely accurate these days and I'm quite certain folks on both sides of the isle feel this way - in fact don't listen to it anymore. I sure don't.  I do follow the financial markets closely and that is the bigger indicator of trends - plus the financial people are experts in their field  and NOT going after making  'bombshell' headlines for themselves.  As for the other persons perspective that is his prerogative. I did pick up he's trying to safeguard himself from another downtown like in 08 where he lost everything.  But we are nowhere near where we were in 08 - far from it!   It does make sense to secure ones future.....that only makes sense. But to stir up the pot with false rhetoric, no thanks.  I remember clearly back in 08/09 where I had the hard converstation with sellers that there best change was to take their home off the market and wait it out as there was zero chance of selling for sometimes to come. And of course we know what it was like helping folks through the trama of  short sales and foreclosures.  BUT again folks - that is not where our market is now - relax.

Sep 16, 2019 10:21 AM #77
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, trust and the media are definitely not words that go together! 

I agree - it was actually someone else (not the original poster) that was the negative Ninny. I'm good with whatever they want to believe though. They'll be referencing the masses' posts when their business does pick up and their clients start asking the same questions we're getting!

Happy Monday! Onward & upward!

Sep 16, 2019 01:28 PM #78
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Just popped over to wish you a Happy "R"-free Monday, Anna Banana! xoxo

Sep 23, 2019 04:04 PM #79
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Anna Banana Kruchten - Phoenix Homes Sales
Phoenix Property Shoppe - Phoenix, AZ
603-380-4886

Hey Debe Maxwell, CRS you are so funny! Another R free day, gotta love it! And maybe a I told ya so thown in the mix LOL!!

Sep 23, 2019 04:16 PM #80
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

LOL I don't say I told you so BUT, there may be a teeny-tiny bit of passive-agressive behavior in that comment! 🤣 

Sep 23, 2019 04:29 PM #81
Rainer
11,726
Paul McCausland
Howard Bank Mortgage - Rockville, MD

I don't usually respond to posts, but this one is outstanding. Thanks for posting. I only watch the financial news. They are less likely to put out BS as they will be called out for it.

Sep 25, 2019 05:34 AM #82
Rainmaker
2,772,745
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Just coming back to this one and realizing how correct you are, Anna! Love and light!

Sep 25, 2019 10:44 PM #83
Rainmaker
1,699,037
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

This is so well said.  Now we are on to the impeachment crisis - I know we live in a 24/7 news world - I think there are too many crisis junkies out there - not happy unless they think the world is about to end

Sep 26, 2019 04:42 AM #84
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Anna Banana Kruchten - Phoenix Homes Sales
Phoenix Property Shoppe - Phoenix, AZ
603-380-4886

Hey Debe Maxwell, CRS yup today is another R free day. Instead the crazy folks are pushing the I word.  What word do you suppose it wil be next. This craziness never ends......once again I am pretty sure many MANY folks are sick and tired of all these rants from the Media etc.

Sep 27, 2019 10:37 AM #85
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Anna Banana Kruchten - Phoenix Homes Sales
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Hi Paul McCausland and welcome to ActiveRain! I hope you chime in more with posting and comments as you clearly have an extensive background of experience and knowledge.  Glad to hear there's another rainer that listens to the financial news and not the other blather! 

Your motto is very close to mine.  Love it!

"My job is not to tell you what you want to hear, but to guide you through this process by telling you what you need to know."

Sep 27, 2019 10:40 AM #86
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Anna Banana Kruchten - Phoenix Homes Sales
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hi Laura Cerrano glad you get it as well. Some keep believing and blindy following main stream media and not doing any research of their own.

Sep 27, 2019 10:43 AM #87
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Anna Banana Kruchten - Phoenix Homes Sales
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Hi Lise Howe it's such a joke to a lot of us. This week I word.....we'll see how long that lasts.  What do you suppose will be their next scare tactic word!!

Sep 27, 2019 10:44 AM #88
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Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Not a political post but a very good post. The sky is not falling, the world will be turning tomorrow, and maybe, just maybe, we will learn civility again.

My grandfather used to say, When we stop being polite, as a society we're doomed. Yes, sir.

Oct 17, 2019 06:53 PM #89
Rainmaker
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Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

I am only sure about my little corner of California here in Carmel. We have NO affordable housing to speak of along the coastline.  And 60% of all homes in Carmel-by-the-Sea are 2nd homes.  Many of these 2nd home owners are now selling them and buying even bigger homes in Pebble Beach.  So what does that mean? The rich are getting richer? The poor are moving further and further away from jobs by necessity?  This trend has been happening for quite awhile. I don't see any "R" in it. The media? I don't hear anyone even talking about the daily national news. We are more concerned about the fall Santa Ana winds, power shutdowns, fire hazzard and such.

Oct 17, 2019 08:26 PM #90
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Anna Banana Kruchten - Phoenix Homes Sales
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Hi Mimi Foster I certainly hope civility becomes 'fashionable' and the norm once again.  And gee whiz here it is over a month later and the markets are doing fine with the normal ups and downs and no R in the picture.

Oct 18, 2019 11:13 AM #91
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Anna Banana Kruchten - Phoenix Homes Sales
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Hi Hella M. Rothwell, Broker/Realtor® your area is vastly different than most areas of the country. Carmel's economic makeup is much higher than even our 'high' end homes in Scottsdale and many of those aren't 2nd homes they are personal residences. And there are homes for 1st time buyers in Scottsdale. And yes, CA has had a tough time with the fires, power shut downs etc. I hope the worst is over by now.

Oct 18, 2019 11:20 AM #92
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