Oh this should go over well with consumers. These newscasters need to be gagged ! I don't get it, as a Realtor we are NOT suppose to give our opinion to consumers....maybe they should take some ethics classes as well ( newscasters )

The comments that were made are what are helping to slow down the housing market.

Oh The Devil and his handy little helpers.  I bet if we sent a bunch of dissenting letters they'll have her retract that comment. Keep blogging about it James.  Buyers will find the right information to make an informed decision if we put it out there.

Toni the problem is that the retraction would not get the exposure that the comment did. 

James:

This is frustrating.  The news media once again, dispensing bad advice.

I saw it and felt sick...what is happening here!? The beating we are taking with the mtg and media ...

The used an example of the  well qualified lawyer (buyer) who couldnt get the loan after it hit underwriting- now the media is saying even squeaky clean buyers cant get a loan!

Bill the media is just trying to sensationalize this

Michele they should have commented that she was tring for a Jumbo loan, NOO, and her first rental. If you listen to the report that is how it came out.

I can't understand why there aren't criminal consequences that the journalists have to face for twisting the news or just plain lying.

Many people here were waiting for prices to drop, in the meantime their program goes away and they are stuck with rising rental rates! 

So prices go down 4% (which they have in a year) and their product interest rate goes from 6.5% to 9%.  You need about a 25% fall in prices to adjust for the loss.

Good luck with that! I wish they would have pointed that out!

Renee I feel sorry for the people that have waited 6 months to buy a home where they need a Jumbo loan. They have almost been priced out.

Chris-- I don't think that they realise what they are doing to the economy.

James,

I completely agree. I'm sick of newscasters making news instead of reporting the news.  And last time I checked a broadcast degree did not require an economics degree.  I don't like C.B.S. anyway.  They are the most slanted of all networks.

Great Post. Thanks for looking out!

The worst part is that may not have been their opinion. Coming from a background in radio a lot of the time the mindless comments like that our written in to the news for us and we are told to just read it and keep our opinions to ourselves.

James - I'm hoping that female newscaster/commentator doesn't quit her day job and venture into Real Estate.  Agreed, very irresponsible advice. 

Jason I wonder what would happen if everyone said that CBS newscasters make to much money so don't watch CBS new until their pay drops?