Hi again my 2 faithful subscribers. Today I want to talk about the media. I feel the media had a great deal to do with the housing "bubble" and the "bubble bursting". I'm sure many of my fellow realtors feel the same way. And I think they create, feed and perpetuate all manner of hype. As a realtor, I've seen the direct results based on highly publicized articles. I've heard this loud and clear through my perspective clients when they tell me they are "waiting to buy" and when they've told me they want to look only at foreclosures because they think they are a better deal.
The media's opinion has been changing from week to week lately. Well, I've received a request to be interviewed by a Baltimore Sun reporter for a real estate article that will come out sometime this week (I think). I was slightly hesitant, but I thought what the heck. I'll provide some information that I think is insightful, that's the best I can do. What will be made with it after that is what I'm unsure about. What way is the press leaning this week? Is this the week they will be saying its perfect for buyers, lots of opportunities, etc. or will it be a week of gloom and doom. Are the current economic fears still preventing the market from rebounding; will rates go lower, will home prices continue to drop? Is the ball bouncing along the bottom?
It is Tuesday, and I've not yet been contacted. Maybe this reporter is waiting to see which way the wind is being blown by other media folk. Will I be on pins and needles - no. I'll just be doing my job, getting my future listings ready for the marketplace, lining up repairs for one of my buyers and going forward. Life is what you make it - not what the media says it will be.