An old friend is fond of saying, “I’ve got good news and bad news, which one do you want first?” I tell her it’s all news to me, just deliver!
I think the Denver real estate market is full of good news and bad news too. About a week ago, I was asked to appear on ABC’s World News Tonight in a story about the real estate market. They told me it was a story stemming from the Case Shiller Report issued earlier that day. Denver was up nearly 1%, so they wanted a broker from Denver in their story.
Silly me, I thought it was going to be about the “turning” real estate market. That’s even what the assistant producer said to me on the phone. I gladly participated, and submitted to a lengthy interview. Fun and nerve wracking!
They talked to me in front of one of my listings that had just received two offers, and then they followed me around another home nearby with a buyer in tow. 15 – 20 minutes of camera time was boiled down to 15 seconds in the story. My son and I sat down to watch – it was the lead story. In the intro they said, “Worst Real Estate Market Ever!”
My heart sank, “what have I done?” I asked. I’ve participated in prolonging the media obsession with how terrible the market is. The silver lining to the entire story is that I was the “silver lining”. Denver’s real estate market isn’t as unhealthy as other areas and buyers are making offers. The well priced, well located and beautifully staged homes are even getting multiple offers.
The media is going to pick up on the bad news and gloss over the good. Ask your Realtor what the true lowdown is, and get to know your own particular market. There’s good news and bad, but the truth lies somewhere in the middle.