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Good News for New Jersey Real Estate

Why is it that when we finally get some positive press about real estate, it's buried back on page 7 of the real estate section of Sunday's NEW YORK TIMES? In Antionette Martin's article, Buyers Now Hear This, market analyst Jeffrey G. Otteau is quoted as saying, "Spring 2008 will present a unique opportunity that has never before occurred in the housing market, namely lower home prices and low mortgage interest rates."

"never before occurred in the housing market" I could see why an editor at THE NEW YORK TIMES would decide that such an insignificant statement made by a relatively unknown market analyst should receive page 7 status...it's GREAT NEWS...exactly the news that every competent real estate professional in the nation has been exclaiming for the past 9 months or more! Obviously, THE NEW YORK TIMES would not want to acknowledge NAR's "2007 Public Awareness Campaign" with front page, or even page 2, status.

So, once again, the burden of the truth falls upon the shoulders of the REALTOR. I, for one, resolve to continue to shoulder this burden for as long as it takes to make headlines!

Jim Flanagan, REALTOR

Posted: 2:26 PM, Jan. 23, 2008
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RE: Good News for New Jersey Real Estate

Excellent news Jim. It's a great time to buy.

Posted by Deb at 4:08 PM, Jan. 23, 2008


RE: Good News for New Jersey Real Estate

You are absolutely right Jim.  All of us have an obligation to each other to let the public know that rates are the lowest in many years.  Housing prices have come down in time to take advantage of the great rates.  Investors from other countries know it.  And they know that their currency buys more in the U.S.  I hope all the agents are broadcasting this message on their web sites and in their newsletters.

Posted by Joseph Marovich at 9:32 AM, Jan. 25, 2008


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