Does this ever happen to you? You've gone through your day feeling pretty darn good about life and then you turn on the 6:00 news and suddenly, your whole demeanor and attitude change? You are not alone. The media's job is to produce ratings and drive up revenues in air time. I know this first hand. I used to be in the advertising business and believe me ratings rule.
Lately we are hearing negative news reports on the economy and the state of the real estate market in general, but I believe they aren't reporting accurately on the big picture. As someone who is actively working in this business. The day to day mindset of most buyers are " I need to buy a house now while I can afford it and while interest rates are low.". This is a far cry from the attitude among buyers last year. Home buyers are realizing the urgency to buy now. First time home buyers are AGRESSIVELY looking so they can take advantage of the $8000.00 tax credit.
My question to the reporters are:
If the economy is really doom and gloom, why are people out buying houses? Maybe it isn't nearly as bad as the so called reports indicate??
Why are we seeing multiple offers on traditional real estate?
If it is so bad, why am I out with 5-6 different well qualified buyers every week for the past 3 months?
Where is all the foreclosure inventory? Is there really going to be second wave?
And.. Why are sales figures up?
The only good thing that comes from the negative media is that interest rates will more than likely remain low.
My conclusion. The reports don't matter. People are buying well priced, well located real estate.
______________________________________________________________________________________
Lori Lincoln is a realtor and consultant to home buyers and sellers in Bristol county Massachusetts and surrounding cities and towns.
Lori Lincoln sells homes in Taunton, Rehoboth, Somerset, Swansea, Fall River, Dighton, Assonet, Freetown, Lakeville, Middleboro, Norton, Easton, Raynham and more.
To search the entire MLS click here
You can get your home's value at http://www.Massachusettshousevalue.net
Contact Lori Lincoln at 508-878-0917
email: lorilincoln@kw.com
Comments(3)