The newspapers are at it again, proclaiming that the real estate market gloom and doom headlines like: “February Bay Area Home sales at 11 year low, prices flat.” Trumpeting this bit of news it as if it were the gospel truth. But look closer at the sub-headline in small print: But Santa Clara County resale home prices up 4%. Now why would they put the second part of the headline in tiny print like they did? To sell papers through sensationalism! They are not mis-reporting the news, but rather, they are just focusing their attention on the bad news and down playing the good news (or bad news, depending on whether you are a buyer or seller). If you read the full article you will learn that not only Santa Clara, but San Mateo and Alameda Counties also enjoyed increase in sales price. This is generally seen as being good news for home owners in the area.
If you were just glancing over the article, you would have walked away thinking that the prices are flat and sales are dropping, when in reality if you live in Santa Clara County, the market started to explode early in the year and is continuing to be hot. Aren’t you glad you live in Santa Clara County? And shame on the newspapers!
Steve Mun, Silicon Valley Realtor
www.stevemun.com
If you were just glancing over the article, you would have walked away thinking that the prices are flat and sales are dropping, when in reality if you live in Santa Clara County, the market started to explode early in the year and is continuing to be hot. Aren’t you glad you live in Santa Clara County? And shame on the newspapers!
Steve Mun, Silicon Valley Realtor
www.stevemun.com
No comments:
Post a Comment