Let's hammer on the NAR some more.
All real estate is local
The NAR has been pounding this message in response to the perceived unfairness of media reporting. And while there is a case to be made that the media isn't presenting a balanced picture, I don't know if the current campaign is the answer...
And here is why...
There IS a national real estate market. Sure, you can't move a house from one place to another... ok, seldom can you... but, that isn't how the market is defined.
When "the stock market" moves one way or another, it is the aggregation of a bunch of stocks. Depending on which index you are looking at, it may be dozens, hundreds or thousands of stocks. And those stocks (and the others lumped in with them) may very well be moving in a different direction from any or all of the indicies.
And yet...
We don't see a cry from the companies involved that each time CNN says that the Dow declined 50 points that they add "but to find out about stocks you may be interested in, please consult a professional stock broker." And, it isn't like most people assume that if "the market" is down that all of the stocks in the market are down... just like real estate.
So, while it is true, whining about it probably doesn't help...
Especially from the NAR. On the way up, their numbers and spin were basically honest. On the way down, the spin seemed too self-serving. So, now when the NAR speaks, EVERYONE throws salt over their shoulder and engages the BS filter.
Instead, say "it is what it is", stop whining and acknowledge reality... all of the realities. "The national market looks like it is coming off of a bloodbath, but the damage has primarily been in ___."
But what do I know?
Unless otherwise noted, all content of this blog is the property of Lane Bailey, ©2012 Lane Bailey.
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