Real Estate News Stories - Tell Me Something I Don't Know!

By
Real Estate Agent with Crye-Leike REALTORS® 165062

Real Estate News Stories.  Every day real estate news stories on the evening news, Internet, newspapers.... bombard us with headlines such as..."Vacant Homes Increase" "Foreclosures Rise" "Home Sales Slump...etc."  The headlines that hit the wires are the stories that real estate agents have known for months!  9 out of 10 homes we show are vacant in some price ranges.  So no DUH!"  Too bad the media does not report that many homes are over priced by inexperienced agents and greedy sellers.  Many homes are just way overpriced and will never sell.  In fact they do not even belong on the market.  Other stories that the media should report about is that some folks just over paid without ever qualifying what they were buying.  They made fatal mistakes of not having an experienced buyer agent advise them.  They purchased a home directly from a builder, and in spite of what they think, they did not get a deal!  Who's problem is that?

The truth is... some folks without money should never have purchased a home.  They would be much better off renting.  They were irresponsible with financing prior to the purchase, had no vision of what home ownership entailed, and are living in pain as a direct result of their own actions.  When will the media report what has really happened?

Posted by

James Crawford ABR, Broker Associate

 

 

 

 

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Rainer
135,975
Hope Goss
Ventura Property Shoppe - Ventura, CA
Ventura Real Estate
I agree - a good portion of the people losing their homes right now should never have purchased them.  They couldn't afford them in the first place and they were gambling on the market continuing to go up.  We are seeing a normal cycle - it's happened before, it'll happen again. 
Apr 29, 2008 02:44 AM #1
Rainer
41,337
Erik Elsea
Erik Elsea-Jones & Co. Realty - Fort Myers, FL
Hallelujah! No kidding. When are we going to take responsibility for our actions instead of placing blame on everyone else?
Apr 29, 2008 02:46 AM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Hope Goss  The stories should be about greed, and loan fraud.
Apr 29, 2008 02:47 AM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Apr 29, 2008 02:57 AM #4
Rainer
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L. Wayne Denton
Denton Properties, Inc. - Loganville, GA
I have a handle on your market!!!
Correct on all accounts, but it seems that you are preaching to the choir as most of the agents that are still in the market are probly the ones who knew this news before it happened.  Wish the media would be a lot more straight forward and tell the positive truth.  Thanks for your post.  Right on.
Apr 29, 2008 03:02 AM #5
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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
Jim i agree with you and Denton, we as professional must explain the good and bad to both buyer and seller.
Apr 29, 2008 03:27 AM #6
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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L. Wayne Denton I HAVE A HANDLE ON YOUR MARKET! ! !   The media is really behind the times, and not focused on the real stories.
Apr 29, 2008 03:32 AM #7
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Jim Crawford
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Apr 29, 2008 03:34 AM #8
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Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

Jim,

This post touches a chord!!! There is so much 'fiscal irresponsibility' around, you must wonder what is really being taught in schools!!! Thanks,   Fran

Apr 29, 2008 04:01 AM #9
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Shannon Whitley
RE/MAX OAK CREST REALTY - Plymouth, IN
RE/MAX OAK CREST REALTY

Jim , I so agree, Media needs to tell the truth about the market

Apr 29, 2008 04:24 AM #10
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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 Fran 'The Title Man' Gaspari Title Insurance-PA & NJ It is all about personal responsibility.
Apr 29, 2008 05:28 AM #11
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