Comments on: Miami Herald’s coverage of real estate market creates self-fulfilling prophecy http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/ Miami, Miami Beach and South Beach Luxury Real Estate Blog Mon, 02 Jan 2012 03:59:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michelle DeRepentigny http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-372 Michelle DeRepentigny Wed, 08 Aug 2007 03:49:09 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-372 It seems that you cannot go online or read a major media source without a gloom & doom story popping up, but some market area have reamined stable or had appropriate appreciation. The media thrives on bad news scenarios and I refuse to support them with my advertising dollars - I haven't ran any print advertising in our local newspapers in over 12 months and I still manage to sell houses. I have the documented stats available to my agents, but many potential buyers still don't get it - real estate is local! You cannot make a significantly low offer in a stqable and appreciating market and expect to be favorably received. It seems that you cannot go online or read a major media source without a gloom & doom story popping up, but some market area have reamined stable or had appropriate appreciation. The media thrives on bad news scenarios and I refuse to support them with my advertising dollars – I haven’t ran any print advertising in our local newspapers in over 12 months and I still manage to sell houses.

I have the documented stats available to my agents, but many potential buyers still don’t get it – real estate is local! You cannot make a significantly low offer in a stqable and appreciating market and expect to be favorably received.

]]> By: Sacramento Real Estate Voice http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-370 Sacramento Real Estate Voice Mon, 06 Aug 2007 06:38:24 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-370 Kevin, Touche...what goes around comes around sooner or later! It only makes sense that it would drop off since 80+% of the Buyers come from the Internet. You would have to be a fool to invest in print ads, now. Great piece. -Gena Riede Kevin,
Touche…what goes around comes around sooner or later! It only makes sense that it would drop off since 80+% of the Buyers come from the Internet. You would have to be a fool to invest in print ads, now.

Great piece.

-Gena Riede

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-369 Kevin Tomlinson Mon, 06 Aug 2007 03:02:22 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-369 Richard Thanks for the support. I've heard great things about Lake Tahoe blog. Richard

Thanks for the support. I’ve heard great things about Lake Tahoe blog.

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-368 Kevin Tomlinson Mon, 06 Aug 2007 03:00:23 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-368 Woody Supply exceeds demand in the whole United States, hello! Woody
Supply exceeds demand in the whole United States, hello!

]]> By: richard bolen http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-367 richard bolen Sun, 05 Aug 2007 21:11:52 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-367 Hi again Kevin, Got here via that link in Collen's AR post. Glad we did. There's always great information coming from you for your market... and we'll be back. Hi again Kevin,

Got here via that link in Collen’s AR post. Glad we did. There’s always great information coming from you for your market… and we’ll be back.

]]> By: Woody http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-366 Woody Sun, 05 Aug 2007 14:03:57 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-366 You're shooting the messenger. The Herald is one of the best papers in the United States. Supply exceeds demand and as more condos come on the market,the oversupply will be higher. You’re shooting the messenger. The Herald is one of the best papers in the United States.

Supply exceeds demand and as more condos come on the market,the oversupply will be higher.

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-364 Kevin Tomlinson Sat, 04 Aug 2007 07:09:36 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-364 Laurie I think that using the newspaper as a vehicle for real estate advertising is not effective anymore---considering that almost 80% of the people start their real estate search on the net. The newspapers can't compete with micro-sites like ours because they don't and won't have the content to get AND keep eyeballs. Laurie
I think that using the newspaper as a vehicle for real estate advertising is not effective anymore—considering that almost 80% of the people start their real estate search on the net.

The newspapers can’t compete with micro-sites like ours because they don’t and won’t have the content to get AND keep eyeballs.

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-363 Kevin Tomlinson Sat, 04 Aug 2007 07:06:44 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-363 Lucas The media is reporting on the "bubble bursting" in Miami. The problems Miami will have are in the future. Most of the buildings are not yet finished. It is like measuring a baby who hasn't been born yet. I get calls from reporters on the market all the time. When they call, they already have the story "scripted" in their head. If I make a contradictory quote---it NEVER gets printed. Lucas
The media is reporting on the “bubble bursting” in Miami. The problems Miami will have are in the future. Most of the buildings are not yet finished. It is like measuring a baby who hasn’t been born yet.

I get calls from reporters on the market all the time. When they call, they already have the story “scripted” in their head. If I make a contradictory quote—it NEVER gets printed.

]]> By: Laurie Manny http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-362 Laurie Manny Sat, 04 Aug 2007 01:29:49 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-362 Both my blog and website rank higher than any local or large publications in my area. I flew a $500 per month banner on the top of the local papers website for 3 months to test if it would attract worthwhile local traffic. Had a hits to the banner, no contacts. The classified ads go to their website automatically, the larger, higher priced ads do not. Their site does not garner the traffic that my own does. So why should I donate money to them? And explain to me, when I have other viable options for transmitting information directly to buyers and sellers, why I would utilize an industry that is contributing to the denigration of mine? Both my blog and website rank higher than any local or large publications in my area. I flew a $500 per month banner on the top of the local papers website for 3 months to test if it would attract worthwhile local traffic. Had a hits to the banner, no contacts. The classified ads go to their website automatically, the larger, higher priced ads do not. Their site does not garner the traffic that my own does.

So why should I donate money to them?

And explain to me, when I have other viable options for transmitting information directly to buyers and sellers, why I would utilize an industry that is contributing to the denigration of mine?

]]> By: Lucas Lechuga http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/comment-page-1/#comment-361 Lucas Lechuga Fri, 03 Aug 2007 04:21:10 +0000 http://www.southbeachrealestateblog.com/2007/07/19/miami-herald%e2%80%99s-coverage-of-the-real-estate-market-creates-its-own-self-fulfilling-prophecy/#comment-361 I have to agree with Josephine. The media is just portraying things as they are. Their stories make headlines but they are reporting an accurate portrayal of our current market condition. The media wrote stories about how "red hot" the market was a few years back which helped our cause. Now, our market has slowed down and they are writing articles about how things are today. We need to educate sellers about the true market condition in order for transactions to once again occur. The media has nothing to do with our business affairs. They are just reporting things as they are. I have to agree with Josephine. The media is just portraying things as they are. Their stories make headlines but they are reporting an accurate portrayal of our current market condition. The media wrote stories about how “red hot” the market was a few years back which helped our cause. Now, our market has slowed down and they are writing articles about how things are today.

We need to educate sellers about the true market condition in order for transactions to once again occur. The media has nothing to do with our business affairs. They are just reporting things as they are.

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