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Shhh, The Media Doesn't Know
 I suspect the media prides themselves on being on top of what's going on in the world. And certainly there are some stellar investigative reporters and documentary movie makers who do bring the reality of the world's events to us on the Internet, in print and on the TV, often as they are happening. 
Such is not the case with the housing market. (graphic is a link)

Media headlines gleefully proclaim the nastiness of the real estate market, among other doom and gloom news, relying on published reports, regional statistics, and trends based on what has happened in months past as opposed to the current reality. Is it because they relish the idea of promoting the negativity, the bad news, the horror stories? Or is it because true investigative reporting seems to have eluded so many who claim to be reporters, at least with respect to real estate? 
The axiom that real estate is local is widely known, except perhaps to the media at large (OK, forgive me, I admit there are exceptions). But despite much being written on-line by practitioners in the business who DO know the local market, the media seems content to continue reporting the same stuff they ... more

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