I cam across an article yesterday from a gentleman who has been in the real estate business quite a while. Part of the struggle of many of us who are in the real estate business is spening our time doing damage control with the media on the real state of the current market. Are things as bad as they seem - in some cases: hell yeh. But in a many cases, the media tends to put a broad brushstroke on the market using data that may not be accurate and reliable. Why read this article, because excellence is about being your best and not taking everything at face value. A real life example that we dealt with was this headline: Foreclosures are up 75% in the United States. Here was the real data in Pennsylvania that we had to spend time communicating:
- While the United States had a 75% increase in foreclosures in 2007, The state of Pennsylvania went down 11% in the same timeframe
- Pennsylvania was only one of 6 States to have a decline in foreclosure activity in 2007
- Pennsylvania ranks 38th out of 50 states in foreclosure Growth from 2005 to 2007
Read this article and think of the data you look at and hear on a daily basis (News, Blogs, etc...) and begin to question is there another way to look at the sitaution. You will be suprised what you learn.
Here is the link to article by Mr. Michonski.