December 22, 2007
Home Builders Blaming the Media
Home Builders Blaming the Media
According to new figures released recently, U.S. home builders remained pessimistic in November and are now beginning to blame the news media for their woes, worried that the national media’s tendancy to report negative housing stories as if there is one real estate market, when, in fact, there is no such thing.
All housing markets are local, and our personal opinion is, builders blaming the media for their low numbers is a bunch of bunk.
What do you think? We’d love to hear your opinion on this. Click the comment link below and sound off.
Comments on Home Builders Blaming the Media
Joe Schutt @ 7:04 am
As a Realtor, Boston Market, I have to disagree with your personal opinion. I truly feel that the media has played a pretty significant role in the way the market has gone. People listen to the media and do not distinguish between local and national. They hear "the real estate market is crashing" and they stop in their tracks, rethink strategy, and think that no matter where they are they can get a deal. Well, that is just not the case. Like you said real estate is local and the media paints it as a national picture. So, if the builders are blaming the media, great. We may have had a decline across the board, but I really don’t think the media helped keep the decline at bay, if anything they fed the fires and made it worse. All of that for their ratings. Again, real estate is local, reporting of the markets should be local. And, the media really doesn’t need to blow things out of proportion when they report it.