Don’t Bother Me with Negative Real Estate News

The media are getting a bad rap from Realtors about all the bad news they at transmitting about the housing and mortgage markets. No wonder so few people are interested in buying and selling homes. The current housing situation couldn’t possibly have anything to do with the normal functioning of the marketplace. Supply and demand: heresy.

While reading the current issue of Money Magazine, a ran across a blurb about Happy Real Estate News. Best described in a post on the housingwire.com blog, the site only presents positive (albeit sketchy and un-annotated) real estate stats from the handful (hundreds) of communities that have positive Real estate indicators.
There isn’t much “news” presented, just the initial news release which kicked off the site back in May, 2008.

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About 

Joe Spake is a Memphis-based Real Estate Broker and Consultant. He blogs at Joe Spake's Weblog and Memphis Real Estate Buzz. Joe's Social Network.