Quote:
Originally Posted by username
Basically, realtors are brokers that aid in the buying and selling of homes with a bias to make people believe the markets going up. Economists used information and tools to make predictions on the micro and macro economy - including real estate and have no underlying bias.
I know whose opinion I would rather hear from........
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To add on I think it all depends on who you are talking to and under what context you're using their advice. You were a bit harsh in your previous post. I think the anger towards realtors in predicting the market is not fair because ultimately they are not paid nor should they be expected to give sound financial advice on buying / selling past the short term.
Realtors are not financial advisors or economists - Where real estate fits in your asset portfolio is not something anyone should be relying on the advice of a Realtor. This simply isn't their job. The reason why you hire a Realtor is to achieve best execution of your deal. The underlying reason why you're buying or selling should be something that you have arrived at before you approach one.