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Perception is Reality - People need to hear the good real estate news, too

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Real Estate Agent with Desert Gold Realty - Mesquite NV Homes For Sale DRE# S.0072173

Mass media is full of bad news about the real estate market.  It seems like 99 % of national news focuses on bad news.  Foreclosure stories, short sale numbers, gloom and doom stories can be very interesting.  And the stories that are being spotlighted in the news are mostly true.  But they do not tell the whole story.  Real estate is local - right down to the neighborhood.

There are many neighborhoods in many cities that have bottomed out - including some neighborhoods in Mesquite NV - my town.  In those neighborhoods, now is a good time to buy.  Smart buyers should be watching neighborhoods where they might like to live, not watching national real estate news.

Are there overall markets that are still declining?  You betcha!  But even within some of the worst areas, hardest hit by the gloom and doom ... I think there might be neighborhoods that are stabilizing, some even appreciating just a little bit.  Those little pockets of encouraging results do not make the national news.

"What does it take for an idea to spread from one to many? For a minority opinion to become the majority belief? According to a new study by scientists at the Rensselaer Polytechnic Institute, the answer is 10%.  Once 10% of a population is committed to an idea, it’s inevitable that it will eventually become the prevailing opinion of the entire group.  The key is to remain committed."

Mathew Phillips on Freakonomic shows us in his article  - Minority Rules:  Why 10 Percent Is All You Need

 

Mesquite NV Neighborhoods

Can you commit to sharing any real good news?

Are there any neighborhoods in your city that have already bottomed out?

Do you know of any subdivisions in your area where the prices are going up?

Any areas of your town that are starting to bloom?

Do you have any good news to share about the Real Estate Recovery?

Linda and Peter Pfann are committed to letting the world know that there are some good stories about the Real Estate Recovery - they even have an AR Contest going on.

 

A Pfanntastic place to share any positive posts - add your 2 cents toward the 10% of the good news about the real estate market - and the beginnings of the Real Estate Recovery.  It is local!

 

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Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Virginia - I've been writing a daily post for this group - it's so easy in our improving Scottsdale/Phoenix market.  So many areas are making comebacks and foreclosure filings are down 17%!!! 

Jul 30, 2011 09:15 AM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Liz, me too, neighborhood by neighborhood.  :)

Jonathan - Phoenix is a pretty big market - I am sure you are watching it very closely.  I follow Jay's blog, it sounds like you all are pretty busy working through the foreclosures and short sales, a very big part of most markets.

Hi Juli, I have heard that Scottsdale is showing some improvement - I better go check in on your blog.

Jul 30, 2011 10:21 AM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

HI Virginia,

Great article, and such excellent information and resources.

It is interesting to see that many of our peers are sensing, and even acknowledging that there are good signs around, but don't dare to really talk about it because ...........

Our Readers and clients do not expect us to be crystal ball gazers or fortune tellers, but good news in a community, on a block down the street or with a company hiring 20 new people or what have is good news that will move the landscape in that specific area, and as such is worth reporting to our local readers.....

80 to 85% of real estate is sold by local people to local buyers..... what happens in DC or Ottawa, means relatively little on a day to day base..... That the local Wallmart hires 250 new people for their super store has immediate impact.....

the point being when We see things improve it is important to YOUR people and community and as such helps all of us in some way......

Sorry for the rant, but your post is so important for people to understand that we can be and often are a much better resource than any other "for our People"

Have a Pfanntastic Week, and thank you for your continued support for the Recovery ofo Real Estate in each and every block in our continent.....

 

Jul 30, 2011 11:53 AM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Virginia - judging from some of the posts I have seen lately there is lots of good news out there ..... a builder who has returned to the market, new homes selling at an increased prices across the country, a new major plaza being built, resale sales up, resale prices up, the number of foreclosures and short sales down ..... it just goes on and on ..... it may be local to some areas right now but it has started ..... now it is up to us to let people know ..... the recovery train is picking up steam.

Jul 30, 2011 12:20 PM
Linda Urbick
RealtyOne Group - San Ramon, CA
Selling San Ramon Valley - 925-786-5132

We have seen a rise in $1,000,000 plus home sales in several areas of our market--and some of these buyers are cash buyers. Real Estate varies by the market and as you mentioned by the neighborhood. All of Contra Costa is not recovered yet, but there the areas that have are coming back strong.

Jul 30, 2011 01:02 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Peter and Linda - I am getting that idea, too - and people do not want come across as cheerleaders, or have people blame them if the home that they buy now does not go up in value in the near future.

But if there is something positive going on in our area - we should speak up!!

We know that if something bad happens, we will see it on the news.

There is more than one side to EVERY story, and there are so many facets to The Real Estate Market. 

I have had several appraisals come in higher than contract price this spring, and none have come in lower - what does that mean?  I blogged about it - sounded pretty optimistic to me.  Or maybe I am such a killer negotiator that I got my buyers a great deal?  :)

Jul 30, 2011 03:24 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Kathy - I have been reading all of the posts in the contest, and commenting on them, like you.  Isn't it nice to hear some positive notes - and we know that there are more good stories out there!  We are all just used to hearing the bad news most of the time.  And the good news is a secret.  Should not be that way.

This overall real estate market is made up of smaller markets, states are made up of counties, counties are full of cities and towns ..... right down to the local neighborhoods.

Jul 30, 2011 03:30 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Linda, for the last few years, the higher end homes here just sat there, maybe a looker or two, not even low offers - now we are seeing them move!  Very interesting. 

I hope you post about those neighborhoods in Contra Costa that are on an upswing.

Jul 30, 2011 03:36 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Thank you, Russel!  Lovely blooming something - very cheerful!

Jul 30, 2011 03:51 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Good news is contageous!  People are so beaten down by bad news, it's fun to see their faces when you tell them something positive. 

Jul 30, 2011 04:10 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Virginia, Here on Long Island the boom is in 55 and over active communities. And, many buyers are relocating BACK TO LONG ISLAND ~ This is really Good News!

Jul 30, 2011 11:53 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Indeed, if people hear the market is improving often enough they will get off the fence and buy! The media seems to always focus on the negative. What is that saying? "If it bleeds, it leads"..........unfortunately, the media has that mentality and we as Realtors need to educate the public in the facts! Great story!

Jul 31, 2011 02:12 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Great re-blog Virginia and there are these micro economies too within the local economy of housing.

Jul 31, 2011 03:57 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Virginia. Real Estate is local, and we need to Shout Out about the great news in our own respective neighborhoods.  The news media doesn't always paint a clear picture of what truly going on these days.

Jul 31, 2011 02:29 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Virginia, Great post. Buyers should work with an agnet who can show the statistics and the trend  for the neighborhood

Aug 01, 2011 01:01 AM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Janna, isn't it great to have at least some good news for some folks!  Not long ago, it was pretty bad.

Larry and Shiela - 55 + communities are strong here, too - we have a lot of second home and retirement home buyers.

Barbara-Jo - thanks, the media loves bad news.

Gary, micro-economies.  Exactly!  A neighborhood can have it's own news.

Jerry - national news seems to be reporting only the bad news, not even the true picture.

Gita, I think so, too.  I call it neighborhood watch.  :)

 

 

Aug 01, 2011 04:45 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Dale - Some days it seems like nothing positive is happening, then you look around and there it is.  There is always some good news somewhere.  :)  It is just not always Headline Worthy.

Aug 02, 2011 04:28 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Virginia - you are so right - there is good news if you look for it - obviously you've done a great job showcasing that with this post. I need to get busy and do my part in sharing some good news from my area - take care and hope you have a great weekend. Oh, and my rented dog sends you his love.

Aug 05, 2011 10:01 AM
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

I think it is up to us to make sure people hear the good news too.. the AR contest is a wonderful start...

Aug 20, 2011 05:02 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Debb - and I forgot to enter the contest.  :(   So now Mac is talking to me?

Sheila - I think we all have good news, just forget to post about it!  I know I do.

Sep 04, 2011 06:56 AM
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