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In perusing the vast swath of RE articles on Alltop, I am always amused/perplexed/stupefied by the contradicting reports on housing predictions. Here’s two examples — which one do you side with?
“Experts Say Housing Recovery is Still Years Away”
versus
“58% of Americans Expect Housing Market to Recover After 2012″
Good heavens! Who’s right here? American consumers, or self-anointed “experts”????
Here’s what’s interesting: both articles quote the exact same survey data obtained by Harris Interactive.
Yet why the disparity? Easy — one writer is a glass half-empty person; the other is a glass half-full guy.
Ms. Glass Half-Empty (MSNBC article) pulls primarily the negative datapoints to support her dour headline. Dour, attention-getting, headline….Prime example: she writes, “Roughly 1 in 5 consumers said they expect it to be 2015 before there is a recovery in housing.” One in five?! One in five?! I guess what I have a hard time believing, is, does a minority opinion constitute the over-arching truth? Or does it just make a good headline?
And what about Mr. Glass Half-Full? Yes, he admits uncertainty in the market, but also points out “Fifty-eight percent believe recovery will happen after 2012.” I don’t know about you, but methinks 58% is a majority, last time I checked my math textbook anyway.
Who really knows what’s going to happen in the future, anyway, right? One thing for sure — much like the mortuary business (people will never stop dying), there will always be a need for places for people to live in (there’ll always be people “living.”)
Good 
When you thought (ok, so when “I” thought) that it would be a long time before homes in Edgewood Park would approach the $3M price tag, one gets sold this past week, for $2.8M, sold off the market. 890 Edgewood Road. Former home of Redwood City’s oldest resident (Jean Cloud, who recently passed away at 102 years old).It’s one of the gems of Edgewood Road, classic colonial architecture, previously owned/built by Roy Cloud (yes, that of the namesake, 