Good Afternoon Active Rainers!

I have been contemplating writing 5 or so colleagues that I have within a few media outlets throughout the United States. The topic of discussion is to be what part the media actually plays in the real estate and mortgage market decline, and how their negative news articles effect buyers, sellers, mortgage companies, banks, mortgage brokers, real estate agents, real estate appraisers and home inspectors.

Until today, I wasn't able to search the term mortgage on Yahoo! without some negative news article showing above the search results either by Yahoo! Finance, Reuters, CNN, AP and other news and media outlets. For 16 days straight, something negative was showing before a mortgage result. Not to mention, not one media outlet that I have seen has posted anything positive for as long back as early 2007. Even the positives they post now are due to reforming a negative situation and the positives and negatives offset.

I wanted to ask you all to help contribute in my letter, and show these writers that there are true positives in this current market, and they just need to be made known to the public. I really believe this will have an effect, and though be it quite small, it will be a small pre-cursor of what is going to come. I want to have a list of at least 100 positive influences or even impacts that this market decline has had on individuals, companies or the industries as a whole. You'll all be identified of your comments and or suggestions in my letters to media outlets. I currently have only 36!

Do you mind taking a few moments and sharing your ideas here?

Thank you so much!

 

Jason C. Sheppard

President and CEO

TruClose Financial Services, LLC

 
Post is included in group: Realtors®
Post is included in group: Mortgages
Post is included in group: Century 21 Network
Post is included in group: True Mortgage Professionals
Post is included in group: Mortgage Bankers

4 Comments on The Media's Negative Effect on the Real Estate Market

AUG
04
2008
286,849 Points 4 Featured Posts Localism Sponsor Outside Blog

Dear Jason,

If you could let us know what you have so far it would help prevent duplication.

Thanks!

Betina

11:47am • #1
1 Featured Post

Hi... I wish I could however, it would be extremely long.. Basically in summary:

Excellent buyers market, mortgage rates are excellent right now, the companies who have either closed or been forced to close by authorities have made the industry much cleaner (this has 5 separate entries with real estate agents, title companies, lenders, mortgage brokers and appraisers), and several entries about FNMA and FHA loan and broker requirements, great loan programs, and several new house bills.

Sorry, it is very vague I know... I was more leaning toward what you may have saw on a day to day basis.

Thanks so much!

Jason

11:53am • #2

personally i stay out of it because its negative and I only want to focus on the postive and it seems to me that homes are still selling so I try to work on that to keep my mind off of the news.

12:51pm • #3
1 Featured Post

Thank you, that is one way to look at it! Makes sense, thanks!

Jason

12:53pm • #4

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Crystal Rainmaker_large

TruClose Financial Services, LLC

Pittsburgh, PA

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Address: 300 Mount Lebanon Blvd. , Suite 2215, Pittsburgh, PA, 15234

Office Phone: (888) 510-9665 x 66

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