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Why all the media hype?

By Christopher Johnson

Real Estate Agent with RE/MAX Olympic Realty

March 09, 2007 06:28 AM

Is anyone else tired of reading the doom and gloom news reporting of the real estate market, housing bubble or whatever you want to call it. It seems that one week the media is writing articles to stay away from the housing industry and how sales are completely down compared to last year blah blah blah. Then the very next week the same media reporter is writing about how now is the time to buy and that it seems most markets have hit rock bottom and the prices will increase.

I haven't seen a real change personally but you know that there are many first time home buyers that are sitting on the fence reading this crap.

Am I alone with this thought?

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Terry Lynch

LAR Notary and Closing Services - Saint Clair Shores, MI

Chris

I am tired of reading about the doom and gloom.

The problem is that here in the Detroit area the doom and gloom is real and not likely to end anytime soon.

Mar 09, 2007 06:51 AM

Midori Miller

Talk 2 Midori, LLC - Daytona Beach, FL

Online Marketing For Real Estate Professionals

Chris-the beautiful part of ActiveRain and other blogs is we can be the media and report the truth. Yes I am tired of it but the bottom line is the market is what you make of it.

Mar 09, 2007 07:49 AM

Christopher Johnson

RE/MAX Olympic Realty - Haymarket, VA

I agree that the market is what you make of it and I am not personally affected by the negative/positive reporting. It just bothers me to see the flip-flopping but I am sure as long as it sells the media giants will report it!

Mar 09, 2007 08:43 AM

You are so right! Anything financial is always good reporting.

Mar 09, 2007 12:08 PM

Alix Pinzon

Open Mortgage, LLC NMLS # 2975 - Downey, CA

(562)743-6086

I think that the media plays a major role in convincing people to buy, sell or stay on the side line. A similar situation with the media was the California wildfires, whereas the media was flaunting the danger of the winds (Santa Ana's) the prior day or two before the fires were set. Terms like "high fire danger" and "red flag warning." There are other ways to distribute the warnings to those who show know about them. Back to their effects on real estate, their should be a rule where the economy is concerned, "if you have nothing positive to say, keep you mouth shut." Great blog.

Nov 14, 2007 05:10 PM

Why all the media hype?

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