NO COMMON SENSE WHEN IT COMES TO REPORTING HOUSING DATA

By
Real Estate Mortgage Broker with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“No Common Sense, When it Comes to Reporting Housing Data”

 

Below you will see two different headlines, in the same paper that totally contradicts one another. It is amazing to me how they use words like “PLUMMET”or “LOWEST LEVELS”. I don’t know how you can take certain information from particular cities and that becomes gospel information.

 

The sad part of this reporting, is it keeps potential home buyers, especial first timers on the sidelines. They do not need more reasons not to becomes buyers. They have enough fear already and don’t need any more help.

 

Home Prices Plummet to Lowest Levels Since 2002

05/29/2012 By: Mark Lieberman, Five Star Institute Economist

Zillow: Home Values Rise, Inventory Likely to Remain Low

05/29/2012 By: Krista Franks Brock

image renjith drishnan freedigitalphotos.net.jpg

Posted by

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

close

Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. JOSH EVANS *JoshEvansHomes 516-655-5000 06/04/2012 03:59 AM
  2. Bob Crane 06/04/2012 02:06 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Connecticut
Groups:
Mortgage Solutions
Connecticut Professionals
LOAN OFFICERS WHO AREA SERIOUS ABOUT MAKING MORE MONEY
Consumer Mortgage Tips
All About Mortgages/Mortgage Networking
Tags:
home price
home value
housing market
first time home buyer
home buyer

Comments 40 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
971,016
Sharon Alters
Your Fleming Island Relocation Agents.
Coldwell Banker Vanguard Realty

Joe, it is so true. I wrote a post with a similar thought pattern a week or so ago.

Sharon

June 04, 2012 07:54 PM
Rainmaker
1,160,272
Gene Riemenschneider
Turning Houses into Homes
Home Point Real Estate

I never thought I would say this, but Zillow has it right.  But they are all just hunting for grabber headlines.

June 04, 2012 10:16 PM
Rainmaker
612,534
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

Hi Joe, My local paper does it all the time.  Or they have a headline with a sub-title contradicting the title!  Anything to be negative news!

June 05, 2012 03:15 AM
Rainmaker
111,122
Jerry Morse
BBA,GRI
The Morse Company

All markets are local and newspapers, etc. should point that out.                                                     

 

June 05, 2012 09:04 AM
Rainmaker
746,985
Marte Cliff
your real estate writer
Marte Cliff Copywriting

A few months ago I reported on a similar situation. One headline said that we had far too many vacant houses - we could never fill them up. The other said tht since builders weren't building, we would soon face a housing shortage.

News headlines in general tend to be misleading - especially lately. I've come to a point where I see them, think "Oh sure" and move on without reading them.

June 05, 2012 02:08 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
777,340

Joe Petrowsky

Your Mortgage Consultant for Life
What mortgage questions can I answer for you
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: