So I spent some time playing with data today. When I last used the OFHEO report to study the national real estatemarket, the title of the report was "Decline in House Prices Accelerates in First Quarter". As I read through the report, I noticed that more than 1/2 of the United States was actually appreciating and not declining as the title stated. It was one more example of reporting good news as bad.
That caused me to look at the data in the current report more closely, too. Unfortunately, this time the title is backed up by the data pretty well. I did look at the data without CA, NV, AZ, and FL, but the number is still negative although closer to 1% than 5%. It is interesting to note that the four mentioned states with double digit depreciation don't bring down the other states all that much. Which indicates that there are some strong areas in the country. See my earlier post today about the Austin Texas area.
Then I started thinking, "Is there anything we can do to stem the fall of real estate prices?" And I decided YES! Lets look at the positives and report on them for a change. For example, I have a movie studio being built in my part of Massachusetts. It will provide 2000 jobs itself, which means 8,000 to 20,000 jobs after all development is done and the support businesses move in. That is like a whole town moving to Southeastern MA! YEA us! They will be looking for good Massachusetts real estate! Bag the reporting about casinos, and bag the complaints that the state is raising tolls in Boston! We got some Jobs down here on Cape Cod!
There is good news out there. Lets take our laptops by the USB and start inputting the content that America is looking for. I am looking forward to some positive news! Now go type yours!
Happy selling and listing!