Oklahoma Real Estate
Monday, 15 September 2008
The Media vs the real estate market
Mood:  happy
Topic: Oklahoma real estate

The current Oklahoma real estate market has remained steady of the last 8 months.

It is currently a buyers market related to current home inventories.

The main problem with the real estate market at the time is The Media/News organizations.

How many times have you turned on the news and seen nothing but crisis, destruction and gloom and doom.

This is because Gloom and doom sells. If they can keep you tuning in out of fear their ratings go up.

So we have the current Real estate market in the United States.

Currently the main areas most effected by market fluctuations is the east and west coast.

Overinflated housing prices combined with the Mortgage lender snafu (Created by our

 Government that we as tax payers will be required to flip the bill on the bailout) has set their markets on their backs.

This is untrue related to Midwest Housing market.

Yet we still have reports of Gloom and doom, which in turn puts fear into the Oklahoma Home Buyers and Oklahoma Home sellers.

This creates a false environment which sends economic ripples throughout the state.

So what is the answer for this problem? Responsible Journalism.

This however is not going to happen. Fear sells with respect to News.

As Realtors we must try and educate and reassure the public of the current economic status of the state and housing market


Posted by extreme3/real_estate at 10:49 AM MDT
Updated: Monday, 15 September 2008 10:50 AM MDT
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