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Robert King Licensed Real Estate Broker,  Saint Petersburg,  FL

Date: February 4, 2008

 
Media Matters or does it?  That is the question.
 
"The media has a huge amount of power to control the mood of the country-...You really know you're in trouble, when the weather channel start to spin the story. loll!!!!  It seems the media is promoting a recession. You realize that ever there was a recession during an election year, the party out of office took over the white house."
 
Which media are you talking about, the Hollywood media, Snooze Paper media, Network media?  There are so many players in the media you almost need a program guide to sort out who the players are and from which side of the track they appear to be speaking from?  Maybe it's the Internet media!  I don't know.  But since Freedom of Information and Free Websites and Internet Data Exchange came into the equation, our market has taken a disastrous turn for the worst.  And that's just the hard cold facts, no spin intended.  When the American consumer (buyers/sellers) can get their authorized source of information via Internet for ((free)) who needs a costly Realtor?  Doesn't everybody go to Realtor.com, Zillow, HouseValues etc etc etc, to get their FACTS????  If you are trying to sell your $300k home why would the home owner be willing to pay 6% out of the equity, when they can get the ((information)) for FREE, that's an $18,000 savings on a $300k home.  That doesn't make since, but isn't that why FSBOs use the Internet to sell their homes.  Isn't that why Lenders use Loss Mitigators to represent the Banks short position?  Isn't that why buyers demand Representation?  What does it cost to use a Flat Fee Non-Represented NAR approved Realtor that charges XX dollars per month for MLS access with the added value of Internet Data Exchange to the WWW?  You want to talk about manipulation, SPIN????   We've all been to E-Pro school, we all know in the cyber world ethics that our Boards, Public Records, NAR share the ((information)) with whoever is of interest (affiliates)!  Right?  Maybe some of us don't believe that, maybe it's just a ((conspiracy)) but we all OPT-IN by default?  So how do Realtor.com, Zillow, HouseValues etc etc etc. get their ((INFORMATION))? How do you get on the top of the Search Engine page?  Is it really all about ((keywords)) or is it really all about money and the highest bidder that gets position?  Is position more about power to persuade or is it about deep pockets to gain a better position on the First Page of the search engine?  How does the independent contractor (agent or broker) jockey for position on the big search engine web pages when they have to compete with bigger fish such as ReMax, Keller Williams, C21, Coldhearted Banker to name just a few who seem to always have ((web presents)) regardless of where you are in virtual cyber world?  If we are going to be honest with one another because the "golden rule" is an option not an obligation, then how do Lead Generators get their leads that we are obligated to purchase with our hard earned commissions?  As I see it the money is in seminars and team awareness programs and free websites all coming to you from your local boards of real estate at the speed of DSL.  REALLY!!!!??? 
 
Today we conduct our business in such an Impersonal way we have no clue of who we are working with, besides its somebody else's problem on the team.  If we have a problem we are pushing #1 for English talking with Mary of Frank with a strong broken English accent in some far off part of the third world.  As a side note I would suggest a universal language such as Pig-Latin so we are all on the same misunderstood page when dialing for the "help desk" when it comes to connection problems and why my wifi doesn't work, other than failing to pay your monthly access fee of coarse!  And when we can't be bothered with conversation we have answering machines and text messaging as a way of avoiding the possibility of over exposing our personality through meaningless conversation.  We seem to always have an excuse such as Computer Error, or I didn't get your Text Message, or my cell service was down, or any other technically excusable reason to avoid responsibility!  I'm not trying to be negative nor positive..  I'm just asking the real question.  Are we real with people and the person in the mirror, or are we like our MEDIA, we always have an excuse for the fear mongering of the next power play to get ahead of the competition?  What competition?  Are we talking about Technology or simply learning how to avoid exposing our ignorance of interacting with one another and those whom we claim to represent? 
 
The reason our market is in the toilet is because we've turned our profession into an information machine with the deluded idea of a remote possibility of human error.  Look at our children, they are absorbed with Xbox and being Entertained from a screen or my space or instant messaging.  Our children are being groomed to use a keyboard instead of a pin or actually interacting with one another.  Kids today depend on text messaging to avoid the insecurity of suffering ((REJECTION)).  Before long family will become like the dinosaur.  When the family breaks down who cares how successful you've become.  We claim that we will have less paper work if we go paperless.  But the facts are I use more paper going paperless!  Why!  Because people still want a copy of everything!  The struggle for power is as addicting as sex and greed.  Unfortunately you can't legislate sex and greed, you can only sell it to the highest player.  That is why I'm a Capitalist and not a Socialist.  Everybody wants a Government nipple to suck on.  Regardless of which ever system you choose to cowtow too, eventually somebody at the top will have to take control and call the shots with the possibility of human error in the equation.  Computers and high tech may be a convenient truth but do they provide human interaction or intellegence?  Do they promote more isolationism and less human contact?  The basic hard cold facts in life are, Food, Clothing and Shelter which some believe is a right to be granted and not earned!  Everybody has to have those three things to survive but they certainly are not a right by some governing authority, but we are lead to believe those mere necessities should be granted by the Government!  Hmmm.. Brave New World.... 1984!  Why is it that everything else is just a convenience opinion.  Every generation has it's convenient fears to overcome.  Why is it that regardless of who's in power, whether they be left wing, right wing, democrat, republican. association approved or Microsoft approved, nothing really changes but everything remains the same!  
 
It's like the current generation is waiting on the world to change just like our parents waited, yet everything has remained the same, nothing really changes!  Every generation has it's goblins and gouls and enemies lusting for the power to call the shots.  It's like opinions every body has one and yet nothing changes!  We still have wars, we still have rich, poor and those who weld power.  Here's a great question, why does every generation have a conspiracy theory?  Why is it that somebody at the top is always jockeying for leadership with the same old message, "America is ready for and wants change"!  And why is it always the party that is not in power that initiates that message of salvation that only they have the answer too?  Why do the most brilliant supreme court justices have such illogical opposite opinions of what truth and justice is?  Why can two politicians come from the same school of higher education but yet offer polorizing opinions to problem solving?  Here's a good one for you, if our ability to communicate faster and more effectively through better technology is suppose to make our life more convenient then why is our markets so upside down?  Why does the stock market reel like a drunken sailor on ships leave?  Why is our Real Estate in a Free Fall and not just a correction?  Why does it seem that consumer confidence is not willing to come to the table of negotiation.  Maybe our technology has built an impersonal reality that the human soul can't deal with?  We are not robots we are not computer programs.  All of us are people struggling to get ahead, hoping  by the end of the day that we've done less damage than when we started our days journey!  We scratch our head at the end of the day as we lay our head down on our pillow and asking the universal question, why am I hear, where did I come from, and where am I going, and will I be alive in the morning when I wake up to carry on another day?  Can I survive without my computer, cell phone, automobile, shelter, food and clothing?  The answer is NO.  Why because humanity just wants a convenient faultless way to conduct business without the possibility of ERROR?  We depend on our computer, automobile, cell phone, to assist us with a trouble free day so by the end of that day we can come home to fine dining wear the finest in clothing kick back pop open a cold one and watch our program of choice on the big screen.  
 
You want to talk about Spin or Manipulation?  When the weather channel finally prognosticates a 50/50 chance of rain today, you'll understand that we are making progress and the spin stops here.  As one former President alluded too (the buck stops here) as he gave the order to  pushed the button on Hiroshima and Nagasaki.  The alternative to such a descision was, "how do you explain to the parent of another 40,000 dead American Solders who had to conduct a land invasion of a beligerent enemy who refused to surrender.  That enemy today is our friend.  We live in a world that just 500 years ago could have cost you your head if you were not a card carrying member of the FLAT EARTH SOCIETY!  My my how things have changed but yet they still remain the same.  It would be interesting to graph the statistics of how our market changed since the inception of ABRs, EBAs and IDX.  As I recall, ABRs and EBAs were the big fix for Sub-Agency?  So what was wrong with Sub-Agency as a standard of practice?  Was it in hopless need of FIXING?  Because if Representing the buyer who is ultimately going to ((beware)) how do you actually represent them?  Was not the advent of ABRs and EBAs the provision of solving the issues of representation?  So why did the real estate market fly so high so fast over the past 7 years only to find it self falling at an accelerated speed with no foreseeable bottom in sight???  If ABRs and EBAs were doing any efficeint representation at all, then why did the buyers spend such an extravagent amount of money to secure mortgages with terms that shut FHA/HUD financing out of the picture.  If the ABRs and EBAs were worth their salt are they willing to list those same properties they apparently OVERSOLD through lenders who were willing to OVERLOAN?  I may be the pain in the south end of a north bound horse, but I'm asking questions that need answers.  Because I'm not seeing cooperation coming from NAR, Wall Street, Hollywood, New York and especially Washington!  So if we actually have a problem how are we going to deal with it?  We are coming very close to the Perfect Storm!
 
Robert King
Broker/Consultant
Charles Rutenberg, Realtors
Clearwater, Florida
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cindy@jasongaiateam.com

Date: February 4, 2008

 
To combat negative media we create marketing statistics for our various markets.  We calculate the number of days on the market, total units sold and average sales price. We have found that over the past year  the number of sales has remained the same, the sales price slipped a little in one market and was actually higher in another and the average days on the market increased by 5to10 day.  We use this tool when we a re discussing potential listing strategies with our seller clients and the state of our market with our buyer clients.  This is useful because it helps us deal with all of the media .
 

Memphis Market Update (I posted this on my blog and send as much info to my clients to keep this informed with what is REALLY going on.

Well, we have allowed the media once again to bring the "not-so-positive" news straight to the front page.  As a result the confidence of the buyers and sellers is what is really is at an all time low.  Yes, it is true that our numbers may be down since last year, however, last year (2006) the Memphis Real Estate Market saw lucrative numbers which means the slight drop truly is not as devasting as the news portrays it,

The national media loves to cover the fall of the real estate market and include such inspirational phrases such as "downward spiral" and "sinking values".  The job of the Real Estate Agent has become increasingly more difficult when you constantly have to reassure your clients.  We sell Real Estate home by home and neighborhood by neighborhood, the national media can't tell you what market trends are happening in your community.  So trust in your agent, they know the pros and cons of each neighborhood and can give you specific market information for that defined area.

The Memphis Area Association of REALTORS® (MAAR) reports that homes sales for 2007 as recorded by Memphis-area REALTORS® in the Multiple Listing Service (MLS), totaled 16,791, down 14.9 percent from the record 19,738 homes sold in 2006, making 2007 the fourth-best year on record. Total home sales volume for 2007 was $2.87 billion, down 16.1 percent from 2006. For the full year 2007, the average sales price market wide was down 1.3 percent to $171,000 from $173,200 in 2006. The median sales price showed a similar decline, down 1.4 percent to $136,000 from $138,000 in 2006.

"With the increased negative media coverage of real estate last year, psychological factors continued to play into the weakening results we've seen despite the ongoing strength of our local market and some of the best conditions for buyers in recent history," - MAAR President John Snyder.

 

Jason Gaia

www.JasonGaiaTeam.com

 

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Ed Hain Licensed Real Estate Broker,  Walnut/Diamond Bar,  CA

Date: February 4, 2008

David Paulter, I strongly disagree with your view that the media seldom gets it right. They get it right almost all the time and considerable effort and resource is expended to make sure that happens. At the same time I agree with you that real estate is local. Some markets are booming right now, but most are in serious trouble. The media is telling the story of a national trend of real estate in crisis and they have it right. The fact that a market here and there across the nation is doing well does not change the fact that real estate is in trouble. Does the media have an obligation to seek out the local bright spots? It depends. Unless it's a national trend the national media does not. Regional media -- maybe. Local media -- for sure. Also, there is a system by which local stories are picked up by regional and/or national media. So, if a local story is deemed significant to the overall situation, there's a good chance it will make the national news. So, is a local bright spot in the real estate market worthy of national coverage? I don't think so. However, when we begin to see a trend in the direction of local recovery, it will definitely become the national story. Best Regards, Ed Hain
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Thomas Johnson Licensed Real Estate Agent,  Pearland,  TX

Date: February 4, 2008

It seems the media is promoting a recession. You realize that everytime there was a recession during an election year, the party out of office took over the white house.
 
And they got a 1 term president: Carter, GW Bush.
 
 
Tom Johnson
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Paul@PaulJensenHomes.com

Date: February 4, 2008

 
David Paulter, I strongly disagree with your view that the media seldom gets
it right. They get it right almost all the time and considerable effort and
resource is expended to make sure that happens. At the same time I agree
with you that real estate is local. Some markets are booming right now, but
most are in serious trouble. The media is telling the story of a national
trend of real estate in crisis and they have it right. The fact that a
market here and there across the nation is doing well does not change the
fact that real estate is in trouble. Does the media have an obligation to
seek out the local bright
spots........................................................................
Ed, I couldn't disagree with you more. we certainly have problems in the
real estate market, however, the media has given more life to the story than
it deserves. It has confused the public more than any market I've
experienced in my 30 years as a Realtor. Let's be candid about today's
media, they are more about selling the story than getting right. Our
regional paper the Ct Post has repeatedly taken (AP) real estate horror
stories from all over the country and given them banner headlines above the
fold (as if the data came from our backyard). The Realtors in my area are
constantly working to undo the media damage to clients. My gripe is the
stories are not balanced and offer little historical perspective. The media
may expend great resources digging a story but their weakness is not having
an educated understanding of our industry to reach the correct conclusions.
What seems to surface in the stories are the hot buttons they know consumers
will react to. It's about ratings and shock appeal, sadly the Walter
Cronkite's are long gone. The public is better served watching Seinfeld
reruns than the nightly newscasts.
Paul@PaulJensenHomes.com
Shelton,CT
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staceymatsuda@gmail.com

Date: February 4, 2008

 
Vista Print Scams...
I personally have had both good and bad experiences with Vista Print.  The bad were my own fault for being in a hurry!  Whatever you do, don't click on the "do you want to save $10 on your next order" box, because that is where the SCAM is.  You need to read the fine print because it will automatically set you up for some $14.95 per month program automatically billed to your credit card.
--
It's A Good Life,

Stacey Matsuda
Real Estate Broker SC/NC
Mobile (864)205-SOLD (7653)
Email: stacey@spartanburg-realestate.com
Website: http://Spartanburg-Realestate.com

Oh By The Way...I'm never too busy for your referrals!
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Judi Bryan Licensed Real Estate Broker,  Carol Stream,  IL

Date: February 5, 2008

David Paulter, I strongly disagree with your view that the media seldom gets
it right. They get it right almost all the time and considerable effort and
resource is expended to make sure that happens.
........................................................................
Ed, I couldn't disagree with you more. we certainly have problems in the
real estate market, however, the media has given more life to the story than
it deserves. Paul@PaulJensenHomes.com
--------------------------------------------------------------------

This all reminds me of when every TV broadcast was showing the destruction of the Twin Towers over and over all day long.  Parents around the country phoned in to stations to plead for them stop....their children were thinking each broadcast meant a NEW catastrophe.  The stations listened and ceased the repetition.  That repetition has a PROFOUND impact on perception.
 
The media is doing exactly the same thing with the market.  And yes, they did it with our "seller's market" as well...fueling that whole process.  People were hearing and reading constantly about multiple offers, dramatic increases in pricing...and in many markets around the country that was true.  But the impact the media had on what was happening was palatable!  They were not "reporting" what was happening...they were FUELING it.  The exact same thing is happening now with the downturn.  They don't simply report it...they are fueling it as well.  And since fear is such a great motivator, even many of those people who WANT to buy are not doing so because the media is bombarding them with the horrors of a declining market.
 
The days are long gone when "news broadcasts" were simply the reporting of facts and events.  Today, it's more about the 15 second sundries designed less to inform and more to capture a viewership, resulting in increased advertising revenues. 

Judi(the cynic)B
 
 
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Tom Scaglione Licensed Real Estate Agent,  Lutz,  FL

Date: February 5, 2008

Here in our Tampa Bar Area Market the new media just printed the following and posted it on their web site…

 

No. 1 spot to buy a house? Try Tampa Bay

That's according to Forbes magazine, which sees us bouncing back big.

By JAMES THORNER, Times Staff Writer
Published July 25, 2007


The online edition of Forbes magazine, with help from business prognosticator Moody's Economy.com, touts the Tampa Bay area as the No. 1 place in the country to buy a house.

 

Come again? Aren't we supposed to be in the throes of housing agony?

 

Hear them out: Because of our area's overall strong, growing economy and comparably modest housing prices, Forbes calls

 

Tampa-St. Petersburg-Clearwater a prime bounce-back market.

 

It predicts our area will experience what it calls a V-shaped recovery, where a market experiences a free fall, but rebounds strongly once it hits bottom.

 

Other regions will chart U-shaped or L-shaped courses. U-shaped recoveries are those in which prices fall slowly and recover gradually. Think Boston and Sacramento.

 

The L-shaped phenomenon is when prices plummet but remain mostly in a trough owing to underlying economic problems in the city. Think Detroit.

 

"While the Tampa market has yet to bottom out, the silver lining for buyers is that it is a highly resilient market," the article says.

 

"Most of the fallout in Tampa can be attributed to its high investor share, which is correctable given the good economic and job-growth projections."

 

To get on Forbes' top 10 list, a region needed an oversupply of real estate with plenty of sellers keen to strike a bargain. That's not all, though. Forbes also sought areas where prices wouldn't fall cataclysmically, so that buyers wouldn't be booking a fare on a sinking ship.

 

Based on Moody's figures, Tampa Bay home prices should bottom out in the first quarter of 2008, once the region burns off excess inventory from speculators who went hog wild in 2005.

Fast Facts:

 

Forbes' top 10

1. Tampa

2. Minneapolis

3. Miami

4. Kansas City

5. Chicago

6. Phoenix

7. San Diego

8. Milwaukee

9. New York City

10. Atlanta

.
Sincerely,

.
Tom Scaglione, ABR®, e-PRO®, REALTOR®
.
Avalar Realty of Tampa Bay, REALTORS®
1761 W Fletcher Avenue - Tampa FL 33612-1820

.
Off: (813) 969-0801 - Fax: (813) 969-0467 - Cell: (813) 310-8200
.
mailto:Tom@MarketingTampaBay.com
http://www.MarketingTampaBay.com
.
Serving Florida's Tampa Bay Area
.

 


 

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Ed Hain Licensed Real Estate Broker,  Walnut/Diamond Bar,  CA

Date: February 5, 2008

Paul, Just for the record, I don't like the bad press about real estate anymore than the next guy, but I still don't see how reporting actuality of a situation is wrong or biased. Please, expand on what conclusions you believe the media should be drawing from the current real estate situation. Best Regards, Ed Hain
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Ed Hain Licensed Real Estate Broker,  Walnut/Diamond Bar,  CA

Date: February 5, 2008

Judy, You mentioned that the media did "the same thing" when we had a seller's market. Interesting. I don't recall any of us complaining about that coverage. The real estate situation continues to unfold. If the media were trumpeting the exact same details over and over again, I'd agree they would be wrong to do so, but they aren't do that. The media is reporting on developments in an ongoing, evolving story. Now, we may not like to hear or read all that and it is negative reportage for the most part to be sure, but it is true and it is news that the consumer should expect to hear and see on TV and in the newspaper. Best Regards, Ed Hain
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