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Did you see the numbers????

By
Real Estate Agent with Spa Realty, Inc Team Riley

So on top of all the other news that doesn't necessarily apply here, now they release a 13% decline in home sales prices.   Although this must be true in our nation as a whole, what about the communities and locals that haven't seen this turndown?  Arkansas as a whole has only seen decreases in certain markets, while others have continued to gain. 

Is there any end to the media making light of this problem as a whole, or is there some way to highlight the ever-present gains in owning real estate, and the fact most real estate is a longer term investment than what people as a whole are willing to wait.  In the best markets there has to be a limit to the number of "house-flippers" and "remodels" that can be absorbed by consumers.  Not everyone moves every 6 months...thats the joy of owning your own home, not being subject to a lease and can sell when you want, or stay as long as you live. 

I'm ready to see the light at the end of the tunnel with everyone else, biggest problem is, everytime things start to get close to it, the media or someone slams the industry as a whole for what a few select areas have done.  No matter the numbers, I'd rather be selling Real Estate today than 19 years ago when the "numbers" were bad.

Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent
I saw the numbers and did a post about the Louisville area, we are down about 7%, some parts are up some are down. I imagine this is like a lot of areas.
Apr 25, 2008 05:10 AM
Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC

It will continue to get worse is some areas. The whole economy is scary. Im not making the money that I was but Im still blessed.

Apr 25, 2008 05:27 AM
Anonymous
Bill Saunders

Drew!

Congrats on the blog. I very much agree that if the entire media would just completely focus right now on some other negative aspect of something else for one week, that we would see our economy begin to improve. The problem is that in my humble opinion that even positive headlines have a negative spin...I wish the media would do some investigative reporting on, well...THE MEDIA.

You are spot-on on your assessment of the Hot Springs, AR real estate market. It is a tad sluggish, but holding on well and brimming with potential for the future. It is through the hard work of the REALTORS in the area such as you and your dad that this continues. I wish you all the best!

Dec 23, 2008 12:57 AM
#3
Bill Saunders, Realtor®
Meyers Realty - Hot Springs, AR
www.BillSellsHotSprings.com

Drew,

Where did you go? I saw this referee at the Lakeside/LH game the other night...he looked a LOT like you!

Feb 22, 2009 12:10 PM