If I weren't so bitter about real estate prices, I would almost feel sorry for the local papers (El Dorado/Folsom). If I had to guess, 75% of their add revenue comes from the local real estate industry (agents, brokers, title companies, contractors etc.). So no surprise that they are doing their best to sell the dream of a robust local real estate market. However I think even they are coming to the realization that the days of escalation clauses are way behind us.
All this to say, its been rather entertaining to watch the tone of the articles evolve as indisputable evidence of a housing slowdown has mounted. Late last fall the articles were encouraging folks to buy now before the market gets hot again. In January and February the articles gave hints to make a house show well, and told us things were on track for a strong spring. The latest article I saw was advice for sellers who receive low offers.
My my, what a difference 6 months makes!
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1 comment:
These are some funny observations. The articles you mention always seem to be targeted towards the greatest common denominator of readers. Perhaps the future will bring articles about how to negotiate a short sale with a lender or how to cope with a forclosure. Gotta change with the times.
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