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News Summary for August 8

TIME magazine published a story entitled “The Boom Is—Is Not!—Over” that quotes David Lereah. He stated, "We've had sellers' markets for the last five years, and they're transitioning to buyers' markets…Sales go down and prices follow. Sellers are stubborn, so there's a standoff." Realty Times wrote about Realtors cleaning up damaged neighborhoods, building 54 new Habitat homes and bringing millions in revenue to New Orleans and the Gulf Coast when they convene in the Crescent City in November for the 2006 NAR Convention. NAR Regional Vice Presidents Diana Bull and David Drinkwater are quoted by CBS Marketwatch discussing the benefits of buying a home in a cooling market.

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News coverage shapes perceptions of people, organizations and entire industries.
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