We Get Conflicting Reports

As I was reading along a few days there was a report that we are at a 15 year low in home ownership. Wow, that does not sound good at all. Even with the increase in sales all across the nation we are still at the lowest level in 15 years. Then today I find in the local paper, Apartments Push Home Building to a four Year High yet in the article they state we are 14 percent below the previous year. What? We are 14 percent below and we are at a 4 year high.

So why are our clients unsure about what is happening in the market? Well it may have to do with a confusing media giving a spin to what is happening. We are better at interpreting the raw data ourselves. We cannot do worse.

Elite Home Sales Team

Instant MLS Listings & "Free" Market Analysis

Mark Paulson and Tim Lorenz

www.markandtim.com

 
Posted by Elite Home Sales Team Keller Wms. Realty on 05/28/2012 07:38 PM   Comments (16)   Market News in the Real Estate Market Channel   data  
Originally posted at: The Orange County, CA. Real Estate Blog: We Get Conflicting Reports
Short URL: http://actvra.in/Ckd
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16 Comments on We Get Conflicting Reports

MAY
28
965,256 Points 60 Featured Posts Outside Blog Called Shot Master

I think so much of it has to do with the Consumer Confidence level.  People are afraid to buy... not quite ready to make that leap of faith, yet.  Until the media quits painting the entire country with negative reports that only apply to certain concentrated areas, the overall market will not improve as it should.

What do we need to do ?  That's easy.  Write out own local reports, and then publicize them.
7:46pm • #1
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Karen

I agree with the comments.  I agree we do have to be proactive.
7:53pm • #2
515,366 Points Outside Blog Called Shot Master

Karen

Thank you for the comment I will writ out my own local report and publish it.
7:56pm • #3
515,366 Points Outside Blog Called Shot Master

Tim

I agree with Karen also she is right on.
7:57pm • #4
965,256 Points 60 Featured Posts Outside Blog Called Shot Master

What you also might do, depending on your market, is to contact your local radio and TV stations, and offer to share your report, or be interviewed by them on radio or TV. 

They often have local spots or time they need to fill, and if you have any sort of media "presence" about you... they just might put you on the air.  Are you brave enough ?   LOL.
8:37pm • #5
515,366 Points Outside Blog Called Shot Master

Thanks again Karen.
8:51pm • #6
MAY
29
618,828 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Data can be spun in different directions, that's for sure. Posting on an extremely local basis is often the most helpful to the public.
7:50am • #7
MAY
30
515,366 Points Outside Blog Called Shot Master

Now is a real time of spining for sure.
7:35am • #8
MAY
31
301,171 Points 27 Featured Posts Outside Blog Called Shot Master

I for once wish the media would just SHUT UP!!!  I don't know where they get their info from but it sure isn't where I get mine from... Have a Happy Day...
10:11am • #9
515,366 Points Outside Blog Called Shot Master

The media has not been helpful that is for sure.
11:02am • #10
JUN
01
1,651,981 Points 134 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

The media is like the person that the right hand doesn't know what the left hand is doing...  To write in an article that this year is below last year AND this year is an all time high makes no sense whatsoever!  Sheesh! 
7:15pm • #11
515,366 Points Outside Blog Called Shot Master

Judi

I totally agree.
9:11pm • #12
JUN
02
586,572 Points 58 Featured Posts Outside Blog Called Shot Master

Mark -- it seems everyday we see/hear of a real estate report that contradicts the previous day's report.   It's cliche but true that all real estate is local and actually more hyper-local.  Prices, desirability can vary street-by-street and many factors come into play.   I agree with Karen Anne --- we can give our perspective of our little corner of the world and hope the right people(our audience) are reading/listening.
8:07am • #13
515,366 Points Outside Blog Called Shot Master

I agree we have to get our info out because we are the experts.
10:08am • #14
JUN
03
706,302 Points 47 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Mark I loved your post and the spirited comments. I have always been complaining about the bad information that the media presents for the past few years. In all fairness they actually have started to give out information that the market is moving.....
4:11pm • #15
515,366 Points Outside Blog Called Shot Master

In fairness Endre I agree they are doing better.
5:34pm • #16


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Elite Home Sales Team Keller Wms. Realty

San Clemente, CA

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