Don’t you just love the guys over at the National Association of Realtors? They don’t seem to have any clue whatsoever as to anything about the real estate market. Hang around long enough and you’ll hear them sticking their foot in their collective mouths in what seems like weekly fashion.
However, their ongoing Keystone Kops routine means Christmas may come even earlier these days for those who are prudent and wise in their real estate investing endeavors.
Much to our delight, the National Association of Realtors reported the worst sales data…EVER! The median price of U.S. resale homes dropped 11.3 percent year-over-year in October which represents the largest ever drop since the National Association of Realtors began tracking the statistic over 40 years ago!
In the past four months the median price of resale homes has dropped 14.8 percent — from $215,100 in June to $183,300 in October 2008.
While this may seem like more bad news for real estate agents and even worse news if you are a home seller, buyers and investors have just been served up with a great big helping of Grandma’s Sweet Potato Pie and it’s not even Thanksgiving yet.
I mean seriously, this news couldn’t be better for us who understand what this data means to those involved in serious real estate investing. I mean it’s like going to a Sadie Hawkins dance where none of the other guys show up and all of the girls look like the Obama Girl (by the way…I would never have voted for him…but she sure could have convinced me otherwise.
But anyway…back to real estate investing (but ya gotta watch that video), this is what we all have been waiting for. I mean it’s like the “running of the bulls” with fat kids!
This is everything you want. It’s literally time to go for the jugular out there and make yourself a fortune through real estate investing.
Trust me, I am not on an island here. This is one of those signals that shred investors look for. Billions, literally BILLIONS will be made over the next two years.
The way to make money is to buy when blood is running in the streets.” – John D. Rockefeller
I could not have said it better myself!
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