Are the National Talking Heads Waking Up?

By
Real Estate Agent with ShowMeOKC Team of Paradigm AdvantEdge

After reading an article on MarketWatch earlier today, I'm starting to wonder if maybe people are beginning to 'get it.'

I know they are locally. Over the past month or so, I've found that I'm just validating people's thoughts about the market, rather than having to convince them like I've had to do over the past 6 or 8 months. It was an uphill battle previously, mostly because of all the negative national press, but lately my fellow Okies are hearing the positives in more places than just my blog or newsletter, so they're beginning to gain confidence again.

But nationally, the problem has been that almost every 'expert' has a habit of reporting the negatives in the real estate world as a nation-wide problem, rather than emphasizing that each and every market is different, and that while some markets are hurting badly, others are still thriving.

So, imagine my surprise when I read in this statement today in MarketWatch:

"For every Raleigh, there's a Ft. Wayne, Ind., where prices were down 10.5% in the fourth quarter, year over year. And for every Los Angeles, where prices were down 13.1% in the fourth quarter, there's a San Jose, where prices were up 11.2% in the fourth quarter."

Yes! Maybe, just maybe, this will catch on with more of the legit (truthful, ethical) reporters, and begin to be reported on a wider level. It sure would keep me from sounding like a broken record :)

This was originally posted on my Edmond Real Estate blog, on 3/9/08

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Comments 6 New Comment

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Rainmaker
38,356
Harley Ramsey
Chatsworth, CA Real Estate
Keller Williams
Hi Ryan,  Thanks for sharing that snippet of coverage!  It's like they say: weather and real estate are local issues!  Cheers, Harley
March 12, 2008 12:12 AM
Rainmaker
387,946
NW Real Estate |Colleen Fischesser & CO Serving Seattle-Tacoma area Since 1990!
Serving Seattle-Tacoma Home Sellers & Buyers since
RE/MAX Select R.E | Designated Broker/Owner
Oh Ryan....from your lips to God's ear. Wouldn't it be nice if the media could figure it out!
March 12, 2008 12:16 AM
Rainmaker
1,325,764
Vickie Nagy
Broker for San Ramon, Danville, Dublin, Pleasanton
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932
Ryan, we are definitely seeing increased buyer activity in the Tri-Valley. Buyers are learning first hand that the homes prepped and priced to sell are receiving multiple offers, near...at...or above asking price.
March 12, 2008 12:48 AM
Rainmaker
297,303
Ryan Hukill - Edmond
Realtor
ShowMeOKC Team of Paradigm AdvantEdge

Harley, you're welcome. Local, local, local!

Colleen, yes it would! I personally don't think they care to figure it out though. All they want is to sell papers and ads!

Vickie, so glad to hear that, especially in CA, where the media would have you believe the world is coming to an end.

March 12, 2008 08:28 AM
Ambassador
1,471,125
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate
I declined an interview with a major outlet days before our caucus because they kept saying out our economy is in "recession" and it is no where near that and I don't want to be a party to perpetuating that myth.  Instead they found an agent whose home was getting foreclosed on herself and she boo-hoo'd on TV about how horrible things are. 
March 15, 2008 03:07 PM
Rainmaker
297,303
Ryan Hukill - Edmond
Realtor
ShowMeOKC Team of Paradigm AdvantEdge
Renee - so glad to see you're still above the fray of those of us who get it and those who never will.  Sounds like you made a great decision!  Hope you're doing great out in Vegas!
March 23, 2008 10:42 AM
Show All Comments
Rainmaker
297,303

Ryan Hukill - Edmond

Realtor
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The ShowMeOKC Team is passionate about helping you discover your surroundings from Yukon to Choctaw, Edmond to Moore, and everywhere in between. Serving your Real Estate needs is our business, and encouraging you to maximize life in the metro is our passion.


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