My New Blog

You have probably noticed that the prevalent media out there has been very negative on the real estate and financial markets over the past 6-9 months.  What the media broadcasts tends to be what the public perceives to be fact.  Often the news “creates “ the public’s reaction to any given situation.  I appreciate our media sources, but sometimes get frustrated by their portrayal of the real estate market.  Their negative descriptions often become a “self-fulfilling prophecy” because they cause hesitancy or withdrawal from the market.  This has been the case for the past year or so.  However, there seems to be a little change in the tide, or in the direction the media is covering our market place.  We have been paying attention to programs and publications and we are seeing them change their tune a little bit.  For instance, Jim Cramer, from the stock analysis program “Mad Money” recently became very positive about involvement in real estate.  He suggested that if you don’t get involved in buying real estate, and as much of it as you can, between now and June of 2009 you will have missed the opportunity of buying at the bottom of the market. Check out this link http://www.cnbc.com/id/15840232?video=967866479.  I have also seen guests on “Good Morning America” and the “Today” show expressing similar sentiments.  We have also seen economists at the regional and local levels expressing the same thoughts.

These are all great thoughts for helping turn perceptions regarding our market.  My thoughts remain the same as always, real estate is a great investment.  If you have to sell in this market you also get to buy in this market.  Our market place has changed from a sellers market to a buyers market, but what a great time to be a buyer.  So get out there and buy.