As a person who really loves to watch economic events, the stock market and real estate cycles I’ll never understand why or how the major networks and cable channels focus on negative real estate news. As a real estate broker I find myself spending more and more time correcting the misinformation quoted on the news for my clients and would-be clients. I’ll give you an example; who hasn’t heard of the recent double digit decline in home sales from the same time last year. This should be of great concern to any home owner of buyer. However, when the pundit or newscaster fails to disclose that the drop was from an all time record high in sales, they are talking out of context and misinforming the public. The media’s snapshots of market activity may grab the consumer’s attention but they also distort the big picture. Currently we are knee deep in unsold inventory. Selection is like it hasn’t been in years and interest rates are retuning to very attractive levels. Conforming interest rates are at their lowest levels since May. This is what we practitioners call A BUYING OPPORTUNITY. Instead of buying, many buyers who are in the market now will follow the media sound bites all the way to the next real estate market lift off before they get serious about buying. There won’t be the selection, but there will be a return of irrational purchasing so why not beat the crowds, buy low, buy know and watch the real estate circus from the comfort of your front porch when it comes back to town. Larry