Misplaced fear hurting market ?

Published On: October 10, 2011


A quote from Chicago Tribune,10-9-11 from an article by Mary Umberger - the person quoted was Linda Feinstein, president of ERA Team Feinstein, a Hinsdale brokerage.

"One of the things that's unfortunate about the housing boom is how the media started to cover housing from an investment perspective.  Americans lost sight of the fact that it's a home first and foremost.  It used to be people bought and sold for lifestyle needs; They got married, had a job, had a child, got divorced, retired.  That's what moved the market.  But then people started looking at the home in a different way.  Now, you get people saying,"I'm not sure, because I think prices or interest rates are still going to go down."  But you can't time the market.  You live in a home; a home isn't a Wall Street asset."

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