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August 23, 2006 at 6:59 PM #7281August 23, 2006 at 7:04 PM #32905barnaby33Participant
5 minutes is pretty big for the nightly news. Between 1/4 and 1/3 of a newscast. Did they do any predictive analysis? Did they put an RE shill on to refute/soften what is happening?
Josh
August 23, 2006 at 7:41 PM #32909powaysellerParticipantI met a realtor today while he had a realtor open house, and he told me the U-T is a foe of realtors. They only print sensational stories: housing frenzy on the way up, housing bubble on the way down. He wonders why the realtors even bother advertising with the U-T. Answer: because they are “the only game in town”.
August 23, 2006 at 10:01 PM #32933tangouniformParticipantIt was the lead story and yes, they interviewed an Agent, her client who was selling a home near DC (IIRC) and some blathering MSNBC in-house economic “expert” whose name I did not catch. Sorry, I don’t put a lot of stock in media-funded SMEs.
There were no predictions cast, just data on the drop in sales and a passing remark about how “patience, like inventory, remains high on the part of the sellers.” The client that they profiled has had her place on the market for several months now. The Agent did make a telling remark (paraphrasing): “The home is worth what the buyer will pay…” I swear that she had that deer in the headlights look about her during the interview.
A sea change from the “Real Estate can only go up” mantra!
August 23, 2006 at 10:13 PM #32938PerryChaseParticipantI think that new home sales info comes out tomorrow. Real Estate will be big news again I beleive.
August 23, 2006 at 10:21 PM #32942sdrebearParticipantIt was mister happy himself, David Lereah from the NAR on that segment. Of course he was trying to put the “normal market” spin on it, but I did notice that he had very little spirit left in his voice. It was almose as though he could barely stand his own bulls!it anymore. To be challenged with such damaging evidence on a national stage seemed to rattle him a bit like finally someone was going to see that he was totally full of it.
It was fun!
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