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Dispelling 3 Housing Market Media Myths - Myth #2: We are in a Down Market
The words these well-spoken media-people use words in a way that will always "spark" something in our minds. And usually it is anything but positive, right? This is clearly evident in how they portray the current housing market. What we need to learn to do is temper the media with a bit of reality.
Myth #2: We are in a DOWN Market.
I dont care WHERE in the nation you are, I do not believe anyone is in a DOWN market. Argue with me if you will as I may be playing a semantics game, as well. However, semantics can have quite an impact on your outlook, so bear with me, here. To me, "down" is associated with "bad" and I do not see this as a "bad" market.
I like to call our current market a SHIFTING or CORRECTING market. Why? Well, for many years we have been in a market where supply of homes was low and demand for homes was high. This, coupled with easy-to-qualify mortgage loans caused the market to lean heavily in favor of Sellers.
The pendulum is swinging like it always does. There are fewer loans and more homes available than even this time last year. In many places there are even fewer buyers and some areas are even seeing property depreciation. Yes. This all looks a bit daunting ... or a LOT daunting. But lets look at the UP sides, as it is not ALL Doom & Gloom:
I do not see any of this as a bad/down thing whatsoever. Do you? Read Also: Posted By: Mariana Wagner Colorado Springs Real Estate Related PostsColorado Springs Real Estate: REALTOR Conspiracy to Lower Home Values, Kill Trees and Rock the CasbahDispelling 3 Housing Market Media Myths - Myth #1: There is a National Housing Market Crisis Dispelling 3 Housing Market Media Myths - Myth #3: I Cannot Sell My Home in This Market Monument Real Estate: Woodmoor Neighborhoods Colorado Springs Home Sellers: 5 Tips for Selling Your Home to First Time Home Buyers http://www.coloradospringsrealestateconnection.com/0010C7 
Posted on October 02, 2007 14:36:03 by Mariana.Wagner
Comment from: Ines [Visitor]  · http://www.Miamism.comMariana - it's funny how the media works why would they call it a "down market" when buyers have the upper hand? and a "great market" when sellers make more money faster?. As you say, "the pendulum swings" and it benefits one party or the other. Can I call you "MYTH BUSTER"???  Permalink October 02, 2007 22:39:53Comment from: Mariana.Wagner [Member] · http://www.coloradospringsrealestateconnection.com Ines- You would think that it would not be good/bad or up/down terminology, but more of a horizontal comparison... (You can call me MythBuster as long as I get to be Jamie ...) Permalink October 03, 2007 12:23:05Comment from: Maureen Francis [Visitor] · http://mioaklandcounty.comMariana, I think you and I were having the same thought at the same time this week. I am with you on this one, sista! Lovely new blog! Permalink October 07, 2007 13:44:15Comment from: Mariana.Wagner [Member] · http://www.coloradospringsrealestateconnection.comMaureen- Thanks! I noticed that we were on the same page as well! Great minds ... :)Permalink October 07, 2007 13:51:04Comment from: Ann Cummings [Visitor] · http://www.newhampshiremainerealestate.comMariana - I wish the media would get the concept that there is NO NATIONAL REAL ESTATE MARKET, and that they'd stop trying to brainwash everyone into believing there is one. As we all know. real estate is local, and what's happening in one market may not be, and is not, happening in another market. I agree with you about the 'correctional market', and I often wonder why it's a good market when sellers have control and a bad market when the ball's in the buyers' court. Makes no sense to me at all! Permalink November 10, 2007 12:38:08Comment on this article This post has no comments awaiting moderation. |
The Media loves drama and loves to play on words (semantics) to get the 
This brings me to my second Housing Market Media Myth ... 
