Jan 17, 2008

Weather Report - Real Estate Style

Batten down the hatches! It's snowing!

Didn't you see those dozen or so flakes of snow this afternoon?

It could build into a blizzard!

If you've read the real estate headlines in any publication lately, this is the tone. Most reports are based on broad national activities. The weather in Detroit has little to do with Dallas, just like real estate in Florida has little to do with Dallas. Real Estate Attorney David Fair makes a great analogy about how national vs localize real estate varies just like the weather.

So while we saw a few flakes (the snowy kind) at my house today, your area might have been sunny. Perhaps we should pause before stocking up on food and closing the schools.

And I'd venture a bet that the weather is easier to predict than real estate.

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