Real Estate Media Reports: Is the Glass 8% Empty or 92% Full?
January 21, 2008
My real estate friends in Raleigh, North Carolina and Outer Banks, North Carolina have raised some interesting points about the continuing doom and gloom reports we see reported in the media.
I do not question that the housing and finance market statistics that are reported can be defended as accurate. However, you have to understand that the choice of the statistics to use creates the spin that supports a particular conclusion.
Are there serious problems in the mortgage industry today? Yes.
Are the supply and demand of the real estate market different from two years ago? Definitely, in many areas it has shifted in favor of the buyers, in some others it has shifted in favor of the sellers.
Does the bad news about financing and real estate overwhelmingly outweigh the good news? That depends on who is spinning the figures. If you look at the media, it is doom and gloom. If you look at the facts and figures, there is a lot of good news.
Read the rest of Tim’s article here…
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