|
« Buy a House, Get a Car! | Main | In It for the Long Term » News Summary for August 25Top news outlets, including MarketWatch, Reuters and ABCNews.com reported that existing-home sales were down in July, while home prices in many areas were slightly below year-ago levels. Tom Stevens appeared on CNBC’s Closing Bell commenting on the current housing market while David Lereah appeared on ABC World News Tonight commenting on housing inventory levels in a story on the current buyers market. 
|
About This Blog
News coverage shapes perceptions of people, organizations and entire industries.
Yet few of us understand what goes into the making of a news story. “NAR in the News” will give its readers a peek behind the scenes into how journalists cover the nation’s largest trade association and the 1.2 million REALTORS® it represents.
More >
This blog is also a place for REALTORS® and others to express their opinions and ask questions that we will try to answer. “NAR in the News” is produced by NAR’s Public Affairs Division. This blog is provided by the National Association of REALTORS to provide visitors/members with information about NAR's news coverage and the opportunity to comment on real estate issues in the news. NAR disclaims responsibility for any of the content or opinions expressed on this blog, including, but not limited to content or opinions regarding any products or service mentioned on the blog. NAR disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance on information contained in the blog. This blog contains links to other Web sites operated by third parties. These links are provided as a convenience to access the information contained therein. NAR has not reviewed all of the information on other sites and disclaims any responsibility for the content of any other sites or the products or services that may be offered on or through those sites. Inclusion of a link to another site does not indicated any endorsement or approval of the site or its content. NAR reserves the right to edit, remove or deny access to individuals or content that it determines to be unacceptable, including, but not limited to, any abusive, profane, rude, defamatory, or anonymous comments. Recent PostsCategoriesSubscribe To This Blog |
|
|
|
Comments
Unfortunately, when the press takes hold of a story, their news becomes reality in the minds of the consumer. Across America, non-real estate professionals now believe that they should hold off on buying real estate until prices fully correct.
In some areas, a correction may be happening, but for most consumers this change has been a self fulfilling prophesy. Consumers are hearing that the market has stalled and are in turn waiting to take action which actually is causing the market to stall
BN
4MySales.com
Posted by: Barrett Niehus | August 31, 2006 02:35 AM
No matter what the media says, there are still people having kids, getting new jobs, transfering to other locations, and even retiring.
Often as a result these people need to buy and sell a home.
Know that is called?? A normal market. Big deal.
Posted by: Todd Tarson | September 13, 2006 11:41 AM
"Consumers are hearing that the market has stalled and are in turn waiting to take action which actually is causing the market to stall"
So it was a secret that the market had stalled? Consumers needed the media to tell them? You've got to be kidding.
Then again, maybe you've got a point. Maybe Realtors get a lot of listings because consumers now know they get an additional 16% for their home by listing with a Realtor.
This party is over for Sellers and Realtors. Deal with it gracefully. Another will come at some point. Meanwhile, Buyers will be arriving at their own party fashionably late.
Posted by: Gary | September 14, 2006 01:32 AM