Welcome to Tee'd Off Tuesday! This may actually be the last one of the year unless Santa leaves me a lump of coal next week on Christmas morning!
I'm a man of routine and part of my morning ritual includes reading the newspaper with a few cups of coffee. Today the front page headlines screamed more gloom and doom in the real estate world. While reading the paper I also have the TV tuned into the morning news. One of the field reporters was live in West Haven with the camera panning a few for sale signs talking about the hard hitting foreclosure rate in the state. Click on the headline below to read the full story....
Most Real Estate Agents are well aware of market condition. Throughout the year as people ask me about the market my response has always been the same.... It is not that bad! Volume is down but after a number of years of record breaking movement a slowdown is normal. Prices are another subject that people always touch upon and they are also holding up fine in my territory. There are many examples of overpriced homes that did not sell and eventually readjust the asking price. The media usually calls these huge drops in value but since the unrealistic price was never accurate it does not reflect the true market conditions.
Today I'm Tee'd Off that the media continues to twist facts to scare the public. If you are interested in Buying or Selling a home in New Haven County let me know and I will happily explain the real estate market so you can decide if current conditions make it the right time for you to make a move.
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Marc...Most of the people that seem to ask me about pricing have been in their homes for awhile and are thinking of selling but all the bad press frightened them.
Jason... Mortgage rates still look pretty attractive from my viewpoint and there is a nice selection of inventory buyers that are not afraid to take a step into homeownership.
Teri... Gotta have the headlines....Always think of this song when I see them misleading the masses.
Jennifer... Don't soil your panties... but.... if you prefer not to subscribe you risk missing a juicy post!
Sandra... Actually I did look at the number this morning but didn't want to bore people with facts. So far in 2007 there have been a little over 8,000 closed sales in New Haven County that were on the MLS system but does not include private sales. Of the 139 homes at risk sited in the article most will typically correct the problem before they go into foreclosure.
Dan... that's awesome, that the Wilbur Cross girls basketball team won. Damn, that's great. And what is Jennifer doing? lol
Seriously, I agree,the media really makes things look at lot worse. Yes, they are bad, but we weren't attacked by Russia and China with nuclear war heads. Again, yes, it's bad out there, but it's not the end of the world. But you know that negative news sells. That's the fact Jack....
Dan, when they ask me that question, my answer is always "It is a great time to buy, don't wait."
And you didn't really expect anything other than coal next Tuesday did you, especially from a few of the resent people that you have endeared yourself to here on AR lately. :)
George... I have never received any coal... as for those resentful people they just misunderstand....
Mana...Your lips may say love but since you are a day late getting here I sense the passion is fading....