Heath's Blog

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Doncha ya love statistics. OR START typing the GOOD news!

So I spent some time playing with data today.  When I last used the OFHEO report to study the national real estatemarket, the title of the report was "Decline in House Prices Accelerates in First Quarter".  As I read through the report, I noticed that more than 1/2 of the United States was actually appreciating and not declining as the title stated.   It was one more example of reporting good news as bad. 

That caused me to look at the data in the current report more closely, too.  Unfortunately, this time the title is backed up by the data pretty well.  I did look at the data without CA, NV, AZ, and FL, but the number is still negative although closer to 1% than 5%.  It is interesting to note that the four mentioned states with double digit depreciation don't bring down the other states all that much.  Which indicates that there are some strong areas in the country.  See my earlier post today about the Austin Texas area.

Then I started thinking, "Is there anything we can do to stem the fall of real estate prices?"  And I decided YES!  Lets look at the positives and report on them for a change.  For example, I have a movie studio being built in my part of Massachusetts.  It will provide 2000 jobs itself, which means 8,000 to 20,000 jobs after all development is done and the support businesses move in.  That is like a whole town moving to Southeastern MA!  YEA us!  They will be looking for good Massachusetts real estate!  Bag the reporting about casinos, and bag the complaints that the state is raising tolls in Boston!  We got some Jobs down here on Cape Cod!

There is good news out there.  Lets take our laptops by the USB and start inputting the content that America is looking for.  I am looking forward to some positive news!  Now go type yours!

Happy selling and listing!

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

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Comments

Great post.  I love...take our laptops but the USB's!  Classic!  I guess we're not the only area where the headline reads something far different that what the actual story is.

Posted by Jonathan Osman, Charlotte House Hunter Group (Jonathan and Associates, Inc) almost 12 years ago

Statistics are open to interpretations.  Falling prices is good news for buyers.  Increasing sales volume is good news for sellers.  Just take a cue from successful politicians.  Never answer a question you don't want to and put the best light on the subject you want to answer.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 12 years ago

In many cases, it's also not appropriate to lump a whole state together, such as California or Texas.

Home sales here in San Diego were up for the fourth month in a row, and prices were down for the fourth consecutive month. Both are excellent news for us here in San Diego because are prices continue to fall, more people can afford homes. In fact, 27% of San Diego households can now afford a San Diego home, up from a mere 7% just two years ago.

Posted by Not a real person almost 12 years ago

Good points all of you.  I think we just need to keep putting out the word everywhere we can, focusing on the positive.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) almost 12 years ago

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