Housing market
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Housing markets March 1st, 2008I wish the media wouldn’t jump on the bandwagon and continually focus on the terrible housing market. It seems every time I open the paper or turn on the news, there is some kind of report that points out all the negative aspects of the housing market.
In reality, Kansas City isn’t doing nearly as bad as other parts of the country and it is actually irrelevant to talk about a national housing market.
The markets in cities around the country are so different that worrying about the national housing market is like worrying about a national temperature. If it is 20 degrees in Kansas City, I put on a winter coat. I don’t care if the national temperature is 70 degrees.
The media has had a negative effect on the Kansas City market because it is affecting the consumer’s confidence. The media should be trying to help the situation by saying that with the record low interest rates and high volume of houses on the market, it is a prime time to buy.
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