The real estate industry has never lost its love for trying to predict the market. It also continues to place a heavy emphasis on print marketing with a "Me, Me, Me"-based approach. As the old saying goes, "The more things change, the more they stay the same."
Reading the tea leaves
Back in 2005, prices were exploding while the inventory supply was starting to build. This was the first sign that a downturn was on the way. An article I wrote, "Weathering a Market Downturn," suggested seven strategies for surviving $4-a-gallon gasoline prices and a tough buyer's market: