The media is expressing the huge decline in the real estate market on a daily basis now. Is it really that bad out there? I agree that things have slowed down, but to say that it is "bad" seems exaggerated in my point of view. In my area (Southeast Georgia) it is quite the contrary. Some members of my Board are even saying that business is better this year than last year. Personally, my business is doing well. I do have my share of listings that seem to be taking longer that "usual" to sell, but they eventually sell. I think that because the market was "booming" a few years ago, when things get "normal" the "bad market" card is dealt quicker than we can say "SOLD".
Then again, I am not an expert in every state/area in the country. Maybe it is just Southeast Georgia that is still doing well. Is there really a "bad" market out there or are things just slower than the "boom" we were getting so comfortable with?
I mean no offense/disrespect to any reporters out there (cause I know you are just doing your job) when I say that the media sometimes tend to take a small negative and focus on it like a child with a magnifying glass on poor defenseless ants. I would be interested to hear what my fellow professionals in the industry have to say, so that I can be better informed when confronted by concerned consumers about a "national real estate crisis".