Home : Blogs : George Booth : George's Blog

"Just Walk Away..." He says

Why oh why do the masses think we are in a slump?

People like this joker scare the crap out of our clientele and ruin what was a very good market. Where does this clown get his information? The actual housing numbers are far better than all these "experts" are claiming. What is the actual national default rate? Less than 5% if I'm not mistaken. How does that constitute a crisis?

The media is ruining our business to sell their slime and generate ratings and coverage. The market has always corrected itself and didn't require big brother to stick their all knowing hands into a complex field of variables like Real Estate.

Here is the link of the all knowing ear to the tracks, finger on the pulse of the housing market Jim Cramer.

http://www.youtube.com/watch?v=c7e9H4zTqk4

What can we do to educate these entertainers in "expert's" clothes?

Posted by George Booth on 07/31/2007 09:03 AM

Comments (5)

media, housing boom, jim cramer, mad money, bubble, walk away

5 Comments on "Just Walk Away..." He says

Ahhhhh, so true. Just because 5% are in trouble, we rarely say that 95% are in good shape. You can tell it's a slow media week when they have to jump on real estate. And since it's such a solid business in general, the media can't wait until there's just a glimmer of a downturn!

Thanks for the words...

07/31/2007 09:08 AM

by Al Maxwell - Real Estate Agent - (Coldwell Banker)

I am so confused I know that my business is down from this time last year. But I am not in a crisis.

07/31/2007 09:10 AM

by Rebecca Savitski NC Real Estate Listings (NC List for Less Realty Incorporated)

I couldn't agree more. Unemployment remains low, interest rates are still low and the stock market is still in great shape. For the market to be bad, more economic factors other than a larger inventory of homes would have to get bad before the housing market would actually be in trouble.

I hate the doom and gloom media. This is just the current shark story. If people remember, a couple of years ago when the media was hyping the shark attack crisis in Florida, the actual number of shark attacks was substantially down. It just happened to be the story the media chose to hype. Real estate is not different and people have to look past the hype and see the facts.

07/31/2007 09:17 AM

by Brad Snyder (Sierra Vista Realty)

I'm not getting it either. Business has been great!

07/31/2007 09:42 AM

by Julie Neerings~Lifting Hearts ♥ Building Dreams~Utah REALTOR® (Keller Williams Salt Lake City)

I hate all the gloom and doom also. Here is a table from the local paper -Atlanta Journal Constitution.

As you can see prices are petty much up across the board. Sales volume is down and inventories are growing so it may be reasonable to see a future slowing of appreciation. But I dont consider this anything like gloom and doom and I absolutely wouldn't advise anybody to dump their house.

Real estate is a long term investment. In my opinion if you are in your home for less than 5 years you are speculating. As opposed the the stock market where it seems so much of the mentality is if your in for more than 5 minutes or 5 days you're a long term investor.

Gimme a break

ZIP codes with highest new home sales price

County	ZIP	2005 price	2006 price	% change	2006 sales	% change
Cobb	30062	$646,000	$672,250	4.1%	157	-11.3%
Fayette	30290	$394,029	$457,870	16.2%	109	-30.6%
Cobb	30064	$413,500	$449,502	8.7%	230	-15.8%
Cobb	30082	$289,868	$400,900	38.3%	227	-9.2%
Fulton	30342	$357,067	$400,000	12.0%	113	-37.9%
Fulton	30022	$348,975	$387,737	11.1%	296	5.7%
Fulton	30075	$347,382	$369,439	6.3%	125	-20.9%
Cobb	30152	$329,800	$363,224	10.1%	454	-25.1%
Fayette	30269	$323,150	$362,400	12.1%	84	-28.8%
Fulton	30004	$268,500	$355,401	32.4%	464	-26.5%
Gwinnett	30548	$331,400	$350,850	5.9%	94	-26.0%
Rockdale	30094	$319,812	$350,130	9.5%	280	41.4%
Fayette	30214	$250,750	$339,000	35.2%	175	19.9%
Forsyth	30041	$301,528	$337,000	11.8%	739	-4.5%
Fayette	30215	$295,500	$335,200	13.4%	169	-14.2%
Cobb	30080	$340,150	$331,175	-2.6%	255	-13.3%
DeKalb	30319	$217,504	$330,976	52.2%	285	12.6%
Hall	30548	$318,470	$326,900	2.6%	149	104.1%
Forsyth	30506	$257,650	$321,500	24.8%	108	-33.7%
DeKalb	30316	$227,625	$305,401	34.2%	132

07/31/2007 10:13 AM

by Bob Southard,e-Pro Powder Springs and Marietta Real Estate (Solid Source Realty)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?