Brevard North Carolina Real Estate Blog: I'm turning off the TV!

I'm turning off the TV!

I don't know about you, but I'm tired of all the bad news...the distorted news...the doomsday news. In this information age, we are deluged with news and there's nothing wrong with being informed. The problem is, the information we get, especially from the media, is filtered through the biases of the media itself. The political races are a good example. How can anyone really make an informed decision when all we ever hear is what the media wants us to hear. Is any of it really fair and balanced? I don't think so.

The same is happening with the real estate market. For the past year, I've made it my mission to remind people that real estate is regional. And like the weather...just because it's raining in one part of the country, doesn't mean it's raining everywhere. That being said, I'm not so naive and unaware to say that everything is sunshine and roses in our market. It has slowed for sure. But it's also a tremendous time to be buying. Prices are adjusting and sellers are negotiating. Look, you can't have a sellers market and a buyers market at the same time. Right now, we have a buyer's market. And if you are like millions of other people in this country who have a job and have taken care of your credit, you can get some great deals. What's wrong with that message?

Our local news recently reported that foreclosures are up 96% in our area. Before anyone jumps to the conclusion that all of Transylvania County is in foreclosure, you must consider that it's all relative. If I sold one house last year and this year I sold two houses, that would be a 100% increase in sales over last year. Wow! I sure like the sound of that! So, what does 96% mean? In a market that typically doesn't see alot of foreclosures, I suspect the actual number isn't so scary.

My homework for this week is to find out what that 96% really means and report back.

 

 

 

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Comment balloon 8 commentsCarol Clay • June 28 2008 10:03AM

Comments

Local news is almost completely uninformative and commercial filled.  I try to get my news on-line these days.

Posted by Rebecca Schrader (Competitive Insurance of Dundee) over 10 years ago

Negative news is what sells...unfortunate that they can't seem to report the positive. And there is still positive news, if you look!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 10 years ago

I haven't watched TV in months.  I don't miss it a bit.  I hate the advertising the most.  At least with the internet you can pick and choose what you want to look at. 

Posted by Rita Bradley, Valuation Consultant in Orange County California 949-916-3263 over 10 years ago

Agreed whole heartedly.  I used to have CNN as my home page just to get the headlines if nothing else.  Talk about depressing.  Its amazing too what they feel is news worthy and something that should be reported on.  Did you know that Heather Locklear (sp?) is in a mental institute?  My week would not have been complete w/out that knowledge!  :-)

There are plenty of programs out there and clients can get approved.  Rates are great - though based on the headlines you would think otherwise.  The Charlotte & Huntersville Mkt are doing pretty good and people need to know this.

Have a great weekend! 

Posted by Ken Land, NMLS#108157 (Fairway Independent Mortgage) over 10 years ago

I just watched the news the other day and they stated that in the Woodbridge market of Northern VA it was one of the highest foreclosure rates in the country...I am with you on shutting off the tv and tuning more into my clients needs...Good Luck

Posted by Ginger Walker, Realtor e-PRO,CSP (Keller Williams Realty) over 10 years ago

I decided 5 years ago to stop listening, watching and reading the news and challenged a group of women to do the same.  Did it change our attitudes?   YOU BET it did!   Did we still have people wanting to discuss the gloom and doom with us?  Right again.    I feel if there is something really really important that I need to know, it will reach me one way or another.   Hasn't happened yet :-)

Posted by Susan Emo, Kingston and the 1000 Islands Area (Sotheby's International Realty Canada - Brokerage) over 10 years ago

Here in North Metro Atlanta we have the chicken liitle syndrome. The media is always 6-12 months behind and that is fine with us, we're busier now but according to the media our market is dead. As long as the media does not speak negatively of your particular area, they can keep the prices down for as long as they like!

Posted by Frank & Jodi Orlando (Frank & Jodi Orlando Get Us A Home Realty Atlanta Homes Sale) over 10 years ago

Oh no....Not Heather Locklear!!! How did I miss that! LOL

I will continue to read our little home town newspaper so I can stay on top of what is going on in town. Besides, it only comes out twice a week and is nearly all local goings on. And I took my first Yoga class last week. That was the best 1hr 15min I've spent in a long time. And a lot more relaxing than the 6pm news!

Posted by Carol Clay, Broker/REALTOR, Brevard NC Real Estate Specialist (Looking Glass Realty) over 10 years ago

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