The Sky is Falling The Sky is Falling...

The Sky is Falling The Sky is Falling...


The last week of August 2019 was a non-stop blah blah blah media craziness about the 'looming' recession.  Ridiculous absolutely ridiculous. There I said it, ok. And I have my reasons for saying how ridiculous the blah blah media blitz has been. I'm the type of person that deals with facts from multiple financial analysts that know and understand how markets work.  And I've been studying the markets for sometime, years actually. And naturally being a real estate broker, I keep abreast of the real estate market and trends in my area as well as national trends.  But please keep in mind - real estate is local, not national.


Let's start with the inverted yield curve. For Pete's sake an upside down yield curve for a few hours or even a few days does not denote a recession is imminent. Sure in the past, it has denoted a recession 'could happen' say 18 to 24 months out, but not always when there are other factors in the mix, like a stong economy. From my understanding, the reason the yield curve was inverted had more to do with A LOT of money coming into our country from the countries that have a negative economy. Of course they'd want to park their money in the U.S.A. market. That just makes sense. Our economy is strong.


I also heard A LOT of media folks creating a huge fire storm with the R word, over and over and over and over and over and over. You get my point.  Of course some folks are going to get all fired up and believe the big R is coming soon after all that blather. Some folks even suggested it's what the country needs to get rid of the current President.  Seriously,  you'd rather take down millions and millions of people financially for an election? Do you hear yourself?  I wonder about how all your viewers and subscribers would feel about that idea. Sure sign me up?  I highly doubt that. That whole idea is just nuts in my opinion. Thankfully the R word brew ha ha has died down somewhat this week - or so it appears. Let's let it.


My last last point is China.  China is a long game. It's taken 30+ years to get where we are with trade and theft of our intellectual property. I've often times wondered why on earth would some of the big corporations allow this to take place? For their bottom line of course. I know a number folks that have worked on big projects in China training people for years, and they thought the same thing.  I do know it's not good to get stuck in this crazy upside down trade and intellectual property place for another 30 years while we are losing billions a year.  It may take some time to get a more reasonable trade situation going on with China and I choose to let the process work itself through. It's complicated.


So what about the real estate market in Phoenix? It's going strong with lots of sales of both new builds and resell homes. In some areas the market leans towards a sellers market, in others it's more balanced between sellers/buyers market. It's very important to hire an agent that knows and understands the current market and trends in your area - no matter where you live!


My very last point.  This is not a political post. I repeat NOT a political post.  Whatever views you have is fine by me. I respect other folks views, kind the old fashioned way it used to be. And honestly I'd like to see respect along with civil discourse become the norm once again.


Thank You Debe Maxwell, CRS for this fantastic idea for an AR challenge Fall Challenge 2019 - Plan By Anwering The Difficult Questions.




 The Sky is Falling The Sky is Falling...


BTW the sky is not falling...



Phoenix Property Shoppe



Anna "Banana" Kruchten
Designated Broker & Owner

Phoenix Homes For Sale


Connect with me also on these sites!


    Anna Banana Kruchten Google+Anna Kruchten LinkedinAnna Banana Kruchten on GoogleAnna Banana Kruchten of Active Rain




                   Your Referrals & Testimonials Are Greatly Appreciated!

The Sky is Falling The Sky is Falling…
The Sky is Falling The Sky is Falling… The last week of August 2019 was a non-stop blah blah blah media craziness about the 'looming' recession. Ridiculous absolutely ridiculous. There I said it, ok. And I have my reasons for saying how… more
Wordless Wednesday.. Buy Bitcoin At This Kiosk
While making a quick stop at our local grocery store I just happened to notice a new kiosk on my way out of the store. What??? Were my eyes fooling me??? I turned back into the store to check it out further and investigate how it works. Sure… more
What does STOP really mean? A story of life or death…
What does STOP really mean? The other day Gary and I were leaving our home and going through the neighborhood (which has a lot of twist and turns). Just as we were going up a little hill a HUGE garbage truck was coming down the hill. I said to… more
Alligator Spotted Once Again in Phoenix…
Alligator Spotted Once Again in Phoenix… Can this be true you ask? Alligators in Phoenix? Well, there are real alligators at the Phoenix Zoo But the only other 'alligator' I know of is the one we saw at the North Phoenix Preserve while out… more
Grown Ups Coloring Book - Let Your Imagination Soar!
Grown Ups Coloring Book - Let Your Imagination Soar! Grown Up Fun! My sister from Toronto and I met in Denver to spend a few days playing! Much to our delight there was a chalk art festival going on a block from our hotel. We had a blast going… more
Here we go yet again HOW important is Follow Up?
Following up with potential clients is KEY. Duh? Who doesn't know that! I've recently had an experience with a company that clearly doesn't understand that Follow Up is critical to gaining the trust of new clients. Or is it? Yes of course it… more
Barney's Earth Day Miracle
This last year or so our little Barney has had such horrible allergies. His skin would get very red and he'd scratch and bite himself constantly and was always hyper. No matter what we tried we couldn't help him - and trust me we tried a lot of… more
How To Handle Unreasonable Low Offers
How To Handle Unreasonable Low Offers So you've been working with an experienced agent to get your home on the market and it's priced within what comparable properties have sold in your area. A few days on the market and along comes not only a… more
Winter Wonderland in Phoenix - Snow!
Winter Wonderland in Phoenix - Snow! Snow in Phoenix? Last Saturday while hiking in the preserve behind our home we were shocked to look up and see snow on the mountains. Was it a mirage? Was it just clouds? Nope. It was snow! And mind you we… more
Closed with Love!
February is the month for Love! And along with love, Lisa Von Domek is hosting a fabulous contest February Contest, It's February And Love Is In The Air! I have so enjoyed reading so many of the 'love' posts! I've got many 'love' stories about… more