OK, this is my first ever blog post.
I have to share a frustration. I'm watching news story after news story talk about how horrible the market is. And, for some parts of the country they're dead on.
However, not all markets are that gloomy. For example, here in the St. Louis market, you couldn't find a much better time to buy. We are experiencing a great job market, stable home prices, great selection, low interest rates and in many cases the buyers are walking into equity.
Now the frustration. The national media is scaring people out of buying! Buyers are having trouble grappling with the fact that real estate is local and that they need to ignore what's happening in other parts of the country. It doesn't apply in our market, but I'm having trouble convincing people of this. This fear being planted in the minds of todays buyers could likely make them miss out on great opportunities. Waiting to buy might mean they miss out on todays great interest rates, home prices could go back up, and on and on...
Finally, Bernice Ross, a nationally known real estate coach and trainer has taken the media on. Click here to access an article by Bernice:
I will find a way to change the mindset of todays buyers.
A question to my colleagues. How is the media affecting your market and how are you combatting it?
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