Record high foreclosures, no sh*t!

Have we not been talking about this for weeks, even months. The data lag is finally catching up with the news in the industry, or is it. Think of it as a ripple effect, first the industry people working the streets start to feel and see whats going on. Most of the time this feeling is kept quiet, being that bad news directly effects their pockets. Then it’s rumored but never confirmed until some report with actual statistics is shown, which is actually from data 3 months ago.

So what does this mean to the investor. It means that you can stay ahead of the trend by playing the market just like the stock brokers do. Don’t buy or sell the news! Figure it out for yourself with local real estate professionals. If this news is 3 months behind, don’t you think they will be at least 3 months behind the news when it starts to go up?


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