Thank you, Bernice Ross, for your profound and eye-opening article entitled "Real Estate hurt by media spin" in Inman News. Sometimes one person can give the rest of us permission to speak up, inspiring us to combat half-truths with positive, accurate information. Ms. Ross focused her remarks on the fact that media outlets are not giving readers and viewers the whole view of the real-estate industry - they are simply shining their spotlight on a few bad markets.
I was amazed to learn that the "Mortgage crisis" is only really affecting seven states. The other 43 states have actually recorded fewer foreclosures this year than in 2006, according to Ms. Ross. This is the kind of information we need to hear. Yes, bad things are happening because of overbuilding, speculation and a loss of jobs in some markets, but let's not let these overshadow all of the good markets and developments.
I would like to share just a few of the positive stories that I have the pleasure of reading every week from members of LuxuryRealEstate.com:
Atlanta, Georgia's Beacham & Company, Realtors sold its 14th $2.5 million+ luxury property so far this year in October. Read about Beacham & Company's strong performance here.
Terri Healey, a sales associate with Michael Saunders & Company® in Sarasota, Florida, sold nearly $13 million of properties in the traditionally slow months between late June and early September. Read about Ms. Healey's success here.
I have much more to share, but I'll keep this brief for now. I hope to continue sharing good news in later posts so that we can keep the bad news in perspective and not lose hope. Thank you, again, Ms. Ross.
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Great post. I am always trying to show my clients here in Austin how the media is spinning the truth to drive up their business and ruin someone else's. I think they should be sued for slander.
J.