When there are missiles, there is no business
We are talking about the downturn in US real estate prices as a major calamity, but when you see how markets work when extreme external pressures are at work such as present day Israel it brings things into perspective. I do love in this article though how a real estate firm in Haifa explains that his office is closed except for one agent working with the rental market. That is one agent that understands that even in a down market there is still business.
The real estate market up north is dead and the market in the center of the country is also suffering from a decline, to some extent. These are the findings of a short poll conducted by TheMarker among real-estate experts around the country.
The assessment is that shortly after the end of fighting, the markets will rebound to their previous situation. However, economist Prof. Daniel Gat, whose specialty is the real estate market, believes that the date of the termination of the fighting and its longer term results will have a considerable impact on the apartment market.
As of today, the market in the north shows little activity. “When there are missiles, there is no business. Real estate is no exception,” said agent Eli Shoshana of Amit Realtors, which operates in the Krayot outside Haifa. via Haaretz
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
