Seems like I can't enjoy a good cup of coffee anymore. Every day I am inundated by the negative spin on everything, but in particular the state of the economy and how Real Estate is to blame! Today was no exception. Our local bastion of goodwill, The Modesto Bee (McClatchy Newspapers) pasted all over the Business section more CRAP about Real Estate being in a tailspin and the economy being way down, bla bla bla CRAP! I hesitate to even give you readers this link, because it will just increase numbers on a website, I wish would go away, but you gotta see the "Stench" of negativism that is so pervasive in this periodical. Headlines = "New Home Sales drop for 3rd Month" "Economy Slows to Near Crawl" .
Here's the real story, the one they won't talk about, the one that we have been trumpeting to anyone at the paper that would listen (No one)...We have seen a definitive shift in activities in our market, Pendings are up significantly, Closings are up slightly, but of course with Pendings up so much we are poised for significant increases in Closings as well, the average sales price that was dropping at rates as high as 22% per month has slowed to as low as 5% in many of our markets, Buyer activity is at an all time high, inventory has actually seen a slight reduction over the last 12 month period. All indicators of a true "Bounce Back" for our area. this area, along with others like Riverside County, Florida, and areas that were hit the hardest with foreclosures and Short Sales are now primed for the fasted turn around anywhere. We were hit that hardest, but because the prices have been driven so far down so quickly, we now represent the best opportunities for "First Time Home Buyers" anywhere! More families can now engage in Home Ownership than ever before.
Why aren't we "trumpeting" that? Instead of perpetuating a negative attitude that will only keep out local families from participating in this incredible opportunity? The activity we are seeing is coming from investors from "OUTSIDE" our area! They get it! Now they will take advantage of it, and leave "Bare Branches" for our Central Valley families! That's what The Bee is doing, not helping. They are hurting our locals, and they need to get off the "Yellow Journalism" Brick Road & get on the "Midnight Train" to opportunity!!
Come on, even President Bush is having to let people know that the economy is not as bad as we are being told by the papers.
Way up and smell the "black ink" McClatchy (et al)!!!