Yesterday, Steve Hansen (Tami & Steve and www.I-94Homes.com, Central MN's top Real Estate agents) wrote a blog regarding market-fear generated by local and national media. (http://central-minnesota-real-estate.blogspot.com/2010/02/market-fear.html)
Absolutely! While it is important to be up on the times in the real estate market and be knowledgable about the current trends, it is most important to keep it in context as well! Recently, the national media ran stories about how the market was showing statistically low performance. Keep in mind, this is referring to the time immediately prior to and post holiday season. As compared to the year, it is always low. As compared to a year-over-year analysis, Dec 2009 was +15% over that of Dec 2008! (see following link to NAR story for balanced context) http://www.realtor.org/press_room/news_releases/2010/01/december_down
This just goes back to my point a few days ago, "Thought-Positions vs Talking-Points" ( http://activerain.com/blogsview/1467672/-thought-positions-vs-talking-points-). This is not really that difficult of a concept! Critical thinking is all it takes to give a true representation of the market or to understand it. Unfortunately, media throws steaming hot fireballs to incite controversy and they leave it to us to pick up the charred pieces with the public. However, I know we are up to the task. so let's do it! Fight the good fight and help spread the true and ethical stories that need to be shared! Jesse Hopkins-Hoel Tami & Steve / www.I-94Homes.com Colwell Banker Burnet 320.281.9191
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