I received an email from Dr. Bill Fisher, a real estate writer with right Side Marketing that had some interesting things to say-

"Some of you are doubtless tiring of the incessant parade of bad housing market news in the financial media. It’s worth noticing that the source of much or most of the negative press is Wall Street economists who tend to look upon an investment in a personal residence precisely as they would look on an investment in a few hundred shares of stock. They forget, perhaps understandably but much to everyone’s detriment, that a home is far more than a piece of paper with a fluctuating value. It has more usefulness than nearly anything else in our lives. To say, for example, that the real estate market is in a free fall, for example, is terribly misleading. Real estate may be losing value in many cases, but it has automatic governors on how much value it can lose. The house still exists, as do its occupants and their lives."

I find that it is easy for the economists to present statistics in a negative way. Read this article from Southern California and you will see a different twist on market statistics.

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