Falling Real Estate Market?

By
Real Estate Agent with Keller Williams Realty

A realtor in our office often says: "The news sells fear, I sell real estate."  I took her saying to heart after reading this article on CNN Money.  The numbers show that overall housing prices are only down about 2% from last year, while at the same time condo prices have increased by 2%.  For those of us in the greater Washington, D.C. area, the NAR statistics show that we have seen prices increase by 1.3%. 

Although the article is titled: "Home prices continue to fall," the market is not nearly as bad as the media makes it appear. Happy Home Buying!

 http://money.cnn.com/2007/11/21/real_estate/NAR_prices_through_September/index.htm?postversion=2007112115

 

Comments (2)

Michael (Mike) Elliott
Nottingham Real Estate Group - Hamilton, NJ
use the stats when they make sense...in the long run, everyone wishes they bought more real estate!
Dec 03, 2007 08:11 AM
Matthew Ricker
Keller Williams - Portland, OR
This is true.  We are definitely fighting the uphill battle against the negative news.  The market in Portland is still appreciating at about 6% and I have had at least 3 clients pull back a little because of the market fears.  Keep it up, we need lot's of good news.
Dec 03, 2007 08:12 AM