f there’s one thing the real estate industry needs to worry about, it’s mis-information. Bogus appraisals, misleading market analyses and self-serving press releases make it nearly impossible for consumers to get accurate data about the market. Even Fannie Mae can’t be trusted to accurately report how many subprime loans it makes. And with regular releases of the misleading Case-Shiller report, is it any wonder buyers and sellers don’t know what to believe? REALTORS need to get in front of this problem. Consumers don’t read the full reports but they do see the headlines. That’s bad news for real estate agents. Case-Shiller gets regular headline news, drowning agents’ voices. To read the rest of this blog entry, visit Matthew Ferrara & Company's blog.
The Principle Group, Inc - Hixson, TN
Hixson/Soddy Real Estate Broker
I don't know if Case-Shiller gets press because Wall St loves it, or if Wall St loves Case-Shiller for all the press it gets.
What I do know is, it's numbers and conclusions are very "unique" to say the least.
Jan 06, 2010 06:59 AM
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor
Hi Matthew ~ Chip Case is from my area (and my alma mater) - and I just realized from yours too - and is very highly thought of by the real estate community here. I'd listen to what he has to say about the real estate market any day of the week. There's no question that it's very hard to track real estate price movement - in fact I think it was that realization that started them down their path to begin with. And absolutely - real estate sales data is always looking backwards. No question though - we've got a whole lotta explaining to do with sellers any time we sit down with them. Pricing is NOT easy nowadays for sure.
Liz
Jan 06, 2010 10:52 AM
Rainmaker
37,984
37,984
Matthew Ferrara
Matthew Ferrara & Company
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