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Several times now I've heard a real estate agent or broker say "The media killed this market!"
They're referring to the press accounts saying that the market is dead or that the bubble has burst, or some other exaggeration.
I think this is absurd. The media didn't cause the hot market we experienced in the last few years. They may have helped feed the frenzy a little! But I'm not buying "The newspaper made me do it!"
Heaven knows there are a vast range of opinions in "the media" at any given time about any topic at all. And that's just as true with real estate.
And, by the way, the market is not dead, it didn't crash and the bubble didn't burst! We are definitely in the midst of a market correction that is painful for a lot of sellers. Market corrections are a normal part of the cyclical nature of real estate.
Now there are uninformed consumers out there who only perhaps only make use of one source of information. And, if that source told them that market was crashing, they may have believed it. But the fact that people don't take the time to do the research and get the full story is certainly not the fault of "the media".
I'm also not a big believer in the blame game, ever. Look at the facts, figure out how you got here, what you're going to do about it and move on!
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