Home Selling in California>Question Details

Carole Cohen, Real Estate Pro in Cleveland, OH

What affect are newspapers having on the real estate market?

Asked by Carole Cohen, Cleveland, OH Wed May 16, 2007

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Carole: I believe media reporting has had a fairly negative impact on the real estate market. Even if there is good news to report, they often feel compelled to lead the story with a negative angle. This biased reporting has frightened real estate buyers in many areas, causing real disruption in the market. For a recent example of this type of reporting in San Diego, click on the link below:
2 votes Thank Flag Link Wed May 16, 2007
Roberta Murp…, Real Estate Pro in Carlsbad, CA
The media in general can be deceiving as they report national real estate conditions, not necessarily focusing on the specific markets of individual areas. They also focus on the negative aspects. In my area, San Mateo County, CA we have micro markets; homes in some cities are selling with multiple offers, over the asking price, while others cities have listings that are taking quite some time to sell.
1 vote Thank Flag Link Wed May 16, 2007
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