Real Estate News Stories.  Every day real estate news stories on the evening news, Internet, newspapers.... bombard us with headlines such as..."Vacant Homes Increase" "Foreclosures Rise" "Home Sales Slump...etc."  The headlines that hit the wires are the stories that real estate agents have known for months!  9 out of 10 homes we show are vacant in some price ranges.  So no DUH!"  Too bad the media does not report that many homes are over priced by inexperienced agents and greedy sellers.  Many homes are just way overpriced and will never sell.  In fact they do not even belong on the market.  Other stories that the media should report about is that some folks just over paid without ever qualifying what they were buying.  They made fatal mistakes of not having an experienced buyer agent advise them.  They purchased a home directly from a builder, and in spite of what they think, they did not get a deal!  Who's problem is that?

The truth is... some folks without money should never have purchased a home.  They would be much better off renting.  They were irresponsible with financing prior to the purchase, had no vision of what home ownership entailed, and are living in pain as a direct result of their own actions.  When will the media report what has really happened?

Jim Crawford REMAX

RE/MAX Greater Atlanta  770-238-0122 Direct

Or  888-992-5546 Toll Free Office

Atlanta Real Estate & Atlanta Homes for Sale

 
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11 Comments on Real Estate News Stories - Tell Me Something I Don't Know!

APR
29
2008
Outside Blog
I agree - a good portion of the people losing their homes right now should never have purchased them.  They couldn't afford them in the first place and they were gambling on the market continuing to go up.  We are seeing a normal cycle - it's happened before, it'll happen again. 
9:44am • #1
Hallelujah! No kidding. When are we going to take responsibility for our actions instead of placing blame on everyone else?
9:46am • #2
584,640 Points 80 Featured Posts Outside Blog
Hope Goss  The stories should be about greed, and loan fraud.
9:47am • #3
Correct on all accounts, but it seems that you are preaching to the choir as most of the agents that are still in the market are probly the ones who knew this news before it happened.  Wish the media would be a lot more straight forward and tell the positive truth.  Thanks for your post.  Right on.
10:02am • #5
272,524 Points Outside Blog
Jim i agree with you and Denton, we as professional must explain the good and bad to both buyer and seller.
10:27am • #6
584,640 Points 80 Featured Posts Outside Blog
L. Wayne Denton I HAVE A HANDLE ON YOUR MARKET! ! !   The media is really behind the times, and not focused on the real stories.
10:32am • #7
421,764 Points 36 Featured Posts Outside Blog

Jim,

This post touches a chord!!! There is so much 'fiscal irresponsibility' around, you must wonder what is really being taught in schools!!! Thanks,   Fran

11:01am • #9

Jim , I so agree, Media needs to tell the truth about the market

11:24am • #10

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Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Atlanta, GA

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RE/MAX Greater Atlanta

Address: REMAX Greater Atlanta, 1585 Holcomb Bridge Road, Roswell , GA, 30076

Office Phone: (770) 238-0122

Cell Phone: (770) 664-9516

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Atlanta real estate broker associate, real estate columnist for www.RealtyTimes.com, real estate speaker. Real estate marketing, Internet marketing for real estate, real estate coaching Feedjit Live Website Statistics