NAR's Report on the Market - and the Media

By
Real Estate Agent with BHHS NJ Properties

The National Association of Realtors® released their monthly report yesterday.  The media reported the following snippet in various mutations from the report: national median price existing home price dropped 2% in the third quarter compared with the third quarter last year.  That sells newspapers and grabs eyeballs.

However, the report led off with "The vast majority of metropolitan areas showed rising or stable home prices in the third quarter with most experiencing modest gains [my emphasis] compared with a year earlier...."

The media still want to report the calamitous nature of the real estate market, even when the news is mostly good.  Come on, folks.  Report all the news.  Here's a link to the entire NAR report: http://tinyurl.com/22k238.

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Rainmaker
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Ann Heitland
Retired from RE/MAX Peak Properties - Flagstaff, AZ
Retired from Flagstaff Real Estate Sales
Good point!
Nov 26, 2007 10:10 PM #1
Rainmaker
509,287
Ann Heitland
Retired from RE/MAX Peak Properties - Flagstaff, AZ
Retired from Flagstaff Real Estate Sales
I've included a link to your post from my post of tonight. http://activerain.com/blogsview/286688/What-Do-You-Think
Nov 27, 2007 12:09 AM #2
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Rainer
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Karl von Loewe

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