H L Quist - The Myth Buster

Our FEATURE today focuses on one of our nations most critical markets--Housing. It appears from major sources, such as the Wall St Journal, that there has been a sudden change in the US housing market that bears immediate attention since it impacts so many Americans. The Wall St Journal reported on 12/14/18 that the Las Vegas metropolitan area, which had reported a sharp rise in housing values early in 2018, has suddenly reported a surge in inventory listed for sale. The Las Vegas Association of Realtors reported that sales of existing homes declined 12% in November and they were experiencing a panic in existing listings headlining "Reduction, Reduction, Reduction". Our experience tells us that specific "hot" areas often forecast an emerging trend. For example, we personally witnessed the beginning of panic selling in Ft Meyers in Florida in May 2006--well over a year before the housing crash in the remainder of the US. Other topics include: 50% of US CFOs predict a recession in 2019-80% in 2020, 3 & 5 ye