After reading an article on MarketWatch earlier today, I'm starting to wonder if maybe people are beginning to 'get it.'
I know they are locally. Over the past month or so, I've found that I'm just validating people's thoughts about the market, rather than having to convince them like I've had to do over the past 6 or 8 months. It was an uphill battle previously, mostly because of all the negative national press, but lately my fellow Okies are hearing the positives in more places than just my blog or newsletter, so they're beginning to gain confidence again.
But nationally, the problem has been that almost every 'expert' has a habit of reporting the negatives in the real estate world as a nation-wide problem, rather than emphasizing that each and every market is different, and that while some markets are hurting badly, others are still thriving.
So, imagine my surprise when I read in this statement today in MarketWatch:
"For every Raleigh, there's a Ft. Wayne, Ind., where prices were down 10.5% in the fourth quarter, year over year. And for every Los Angeles, where prices were down 13.1% in the fourth quarter, there's a San Jose, where prices were up 11.2% in the fourth quarter."
Yes! Maybe, just maybe, this will catch on with more of the legit (truthful, ethical) reporters, and begin to be reported on a wider level. It sure would keep me from sounding like a broken record :)
This was originally posted on my Edmond Real Estate blog, on 3/9/08