News media changing their tune?

We frequently hear from concerned Realtors® about real estate news being depicted in a negative light. Sure, they say, the market isn’t anything like it was two or three years ago, but it’s nowhere near as bad as the national headlines would have you believe. Those national headlines have a tendency to creep into local news reports, and the negative press seemingly becomes a vicious downward spiral.

But now, with leading indicators like days on market and inventory levels showing signs of a housing rebound, we are beginning to see a change in the media. Everyone, even the news media, seems to be ready for a turnaround. Case in point: Fox 5 News (Washington DC) ran a story last night about the positive things going on in the Northern Virginia market. Watch this video featuring NVAR Chairman-elect Vinh Nguyen from Westgate Realty and Brett West from McEnearney Associates.

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5 Responses to News media changing their tune?

  1. Tim Johnson says:

    My only misgiving about the press being ‘negative’ about real estate is that they weren’t negative 3 years ago, when much of what we heard from the RE community was that it was a good time to buy, things are different this time, etc. And few journalists challenged it.
    I think you’re going to find the press is incredibly skeptical about a housing rebound, and for good reason.

  2. The real estate market has really meltdown. It is not that the media is publishing agitating news. But don’t worry the agitation will die down.

  3. Yes, the national media is always looking for negative side to a story but in all honesty, the market has been terrible and reporting the facts have not gotten under my skin like I though they would. Sometimes the truth hurts. All I hope for is when we do turn the corner that that is also reported.

    Although, saying the market isn’t waht is was 2 or 3 years ago is a little deceptive. While it is true, the marklets 2 or 3 years ago were ridiculously out of whack.

    I have buckling down and working full time on a website. Hopefully the media will see when we have turned the corner. This will convince buyers in a way I cannot and I’ll be ready to hit the ground running.

  4. I think media has come out with right news and has made common people aware of the market picture.

  5. I feel that without media the whole world would be in darkness.

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