Does this sound familiar?
"Home sales are continuing to decline..."
"Is the real estate market hitting a recession? Find out tonight at 11!"
Those are just a few of the headlines that have been thrown around by the media lately. In a time where people are very much influenced by what's in the news, it seems a somewhat irresponsible for the media to be feeding the housing situation with such gloomy headlines.
That's right, when it comes right down to it, sales people are a driving force of our economy. An analogy may help in this case: say suddenly, all over the country, sales forces in radio advertising just stop working. No more prospecting, no more aggressive sales calls, nothing. What would happen? The radio advertising industry would plummet, crash, grind to a halt - mostly.
So, what do you think happens when real estate agents start to believe that the market stinks and there is no way they are going to make money this year. They're going to stop working, they're going to stop actively persuading people to buy or sell, and surprise, surprise, the market is going to slow even further!
The bottom line is, there are many factors contributing to the appearance of a housing market crash, when in reality, the majority of the market is just leveling. You cannot generalize the real estate market of the entire country and expect to be accurate with your findings.
It's time for the media to quit all the doom and gloom reporting, even if it gets more ratings and for the lazy agent to quit whining that there's no work to go after; and for everyone to realize that what we're REALLY seeing across most of the country is simply the leveling out of a major housing boom! What are your thoughts?
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