When there are missiles, there is no business
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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
Maybe it was kryptonite...
ECONOMIC REPORT
'Prolonged' recession, higher joblessness seen likely
NABE survey indicates most economists now believe U.S. recession's started
By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
not bad 
I can't speak for the whole state of Nevada, but in the Las Vegas area, homes are still selling, we ...
When will we see the bottom of the Realtor market? 
