Sorry for the hyperbole, but I'm trying to prove a point about the media using negative headlines and speculation to counter the positive FACTS about local markets.  My territory is mainly north of Boston, and my rant today is the result of an article published in today's Salem News

                                     North Shore real estate market in flux

If that is not enough to scare a potential client from reading on, they have the opening paragraph in bold explaining the negative aspects of both the National and Greater Boston Markets (without facts to back up the statements).

                    Home sales are down. And, by some measures, home prices in this area are down, too. They've certainly dropped both nationally and in Greater Boston, leading to some pessimistic talk of a "double-dip" in the real estate market.

Every time I read it, I can hear newspapers being crumpled up and thrown away.  Hopefully, people continued to read on. 

It seems that of the 13 local Cities/Towns that they were covering, 8 had an increase in number of sales over last year, one had a less than 1% drop, 2 had a loss of under 8% and two had significant drops (19% and 30%)

Much to their dismay, the news got better when the FACTS about the median sales prices were exposed. Again, 8 Cities/Towns had an increase in median sale price over last year including the two that had the large drop in number of sales. Only two had significant drops.

13 North Shore Cities/Towns and only ONE had negative numbers in both categories!  Does this sound like a market that is in flux?

 How about a headline like:  Local Real Estate Market Shows Signs of Life!   I guess negative sells!

 
This post has been included in Massachusetts Real Estate News Essex County, MA Real Estate News Beverly, MA Real Estate News
Post is included in group: Boston Area Real Estate
Post is included in group: HyperLocal Neighborhood and Community Posts
Post is included in group: Keller Williams Active Rain Bloggers
Post is included in group: Keller Williams Realty Link Exchange
Post is included in group: MA REALTORS

2 Comments on Doom, Despair! Don't bother reading this it will only depress you!

JAN
01
2011

Yah, no doubt about the media.  I think it's our job as Realtors to support a more positive view of the market.

12:08pm • #1
482,741 Points 15 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

MIke -- I am so sick of all the doom and gloom on the national news.  Unfortunately, many people do not understand that real estate is local.  It's so important to publish frequent market reports for your area so anyone interested can get the real FACTS!

7:55pm • #2


Captcha

Drag the scissors to the circle on the side.

Image?id=abc143e65273bac3c874ba2c60a2f5defd89eba0 Image?id=af056ee51c5e4ab5d134d098ab7d50c0513b493e Image?id=459f9bbfe7aabcacd9012c7117727d61f2f425b3 Image?id=e19cb2c7eb69be481b7947ef9ca025b8ac9c17e3 Image?id=d94a3c09de6646c940d8df4f54d34d4ff41b7766

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:

Leave a response…


(optional)
Captcha

Drag the tag to the circle on the side.

Image?id=d199e0b65f9d7295983f08c1062342a7c092a75b Image?id=50ec2a38940f14431c79f7efb97f4fd69bb39f45 Image?id=2c35e4d8c0abf4b3d68b076cf53f5636f5d491b3 Image?id=aa7306e8918ab214910dbd16ee443850d47cc7a6 Image?id=0b1bb3b70e432b9a259e92a300f70a91b46eba0d

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:

 

Find MA real estate agents and Beverly real estate on ActiveRain.