To some, “The Market” is a MacroEconomic entity that encompasses all the good and especially the bad from “Sea to Shining Sea”. It also includes the downturn of housing prices in Florida, the Subprime Mortgage Meltdown, and all things in between.
Unfortunately, “The Market” should be viewed through a MicroEconomic looking glass if you are really strategizing and analyzing properly.
So when I hear someone say, “Well, due to this market…” I wonder what they’re referring to?
Could it be just an ignorance of the difference between Macroeconomics and Microeconomics…
Comparing Daytona Beach Florida versus Sebring Florida is apples to oranges but too many people have been slinging mud about “The Market” without realizing how sweepingly generalities as such just prove their own susceptibility to myopia.
So when you hear someone say, “The Market”… figure out which one they are talking about. The national Morning News generality or the local real estate professional’s local perspective.
Maybe you can tell me now which one is “in the know”.
For more details on this phenomenon, read the full article by following this link -o-> Florida Real Estate & Mortgage | Prognosticating the Market(s)