Could Bad Press Be Hurting Our Market?

Many Real Estate experts think yes. Real Estate is a local story — and all these gyrations both local and national get people anxious and backing off from buying. I mean, look at stock market news — who among us doesn’t feel a little anxious report after report about everything sliding downward? Then you eye those $940 pants at Barneys like I did last night and think, um, maybe not a good time to purchase. But a journalists’ job is to report the news, the facts, quickly and succinctly. Accurate is always nice. The facts are there are a lot of local foreclosures, California Real Estate is in a mud slide and Florida is way overbuilt. How to balance? Maybe by doing exactly what a group of high-profile real estate developers, home-builders and other LOCAL Real Estate super stars did this week.