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.