For some reason, in addition to the national media continuing to paint the entire country with the ultra-negative news that is mostly happening in four states... California, Florida, Arizona and Nevada... too many individual Realtor agents also do not seem to be able to tell the difference between "the sky is falling everywhere" and "all real estate is local."
In a recent post, another Active Rain member was singing the same "paint the bad news with a broad brush" song with his negative mentality.
Below is a quote from that particular post:
Said the author: "I was either bold or crazy enough to suggest that the overall drop in home prices across the country announced is"Good News"!! "
Many of his readers responded thusly:
I believe what those who attempting to question you were trying to say... myself included... was that your all-encompassing statement was not true.
What I and the rest were trying to share with you is that there has NOT been an "overall drop in home prices across the country." There are many, many areas where prices have NOT dropped... and are actually appreciating in value.
What I/we were objecting to is how you were choosing to paint a nationwide picture with a broad brush... that prices have dropped everywhere. They Have Not !
There was another article put out by CNN/Money Magazine about foreclosures... and how they are rising at a record-setting pace. It turns out that 89% of the foreclosures were from FOUR states... Arizona, Nevada, California and Florida. The other 46 states had only 11% of the total foreclosures.
I am sorry the market in Arizona has experienced such a horrid drop in prices... but both of your (the writer's) posts made it sound like prices in the entire country have had a major drop... which they have not.
As a personal note... I have grown so weary of the national news media... as recently as yesterday morning on the Today Show... having so-called "real estate experts" on their programs showing their blatant lack of real estate market knowledge. It just seems even more bizarre that so many agents inside "the business" continue to show that they don't know what they are talking about, either !