tom wrote this at 6:48 am on May 27, 2008:

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Have you ever picked up a newspaper and seen a headline about how home prices have dropped and the world is going dark only to see the next day’s paper have an exact oposite story? How can this be? Well, some of the reason is that a lot of the doom and gloom stories are written by the AP or UPI and reflect “national” statistics which include areas like Detroit where the economy is really suffering and the news is clearly not good. But the Coachella Valley is not the center of the american auto industry and things simply are not that bad here. Most of the positive stories are written by local reporters who are living in this economy. I can’t tell you how many times I have heard buyers say “This home is overpriced - haven’t you read the newspapers?”

Today, I read an interesting comentary by Blanche Evans, Editor of Realty Times (www.realtytimes.com) where she points out that the statistics used by most reporters may not be totally acurate and certainly not unbiased. I have attached a link to the article which I would recommend to everyone. Click here to read “Getting Case/Shillered”

Also, I just visited the Foxnews website to check on the condition of the planet and noticed the follwowing headline: “New home sales post unsuspected gain in April”… Click here to read that article.

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