Here is an EXCELLENT example of media "NEGATIVE HYPE" about the Real Estate market. Notice how BAD the headline is? Now, scroll down about 1/2 way, there are a few lines that give the REAL perspective: "So far, net loan losses remained too small to measure, the FDIC said. 'We're coming off a historic low (for bad loans),' Jamison of Community Bank said. Therefore, he said, any up tick looks bad."Isn't it SAD how the paper is more interested in selling their product than telling the ACURATE TRUTH? Shouldn't there be a LAW requiring RESPONSIBLE reporting? What do YOU think?
This is the local paper for Las Vegas and this is a report similar to the others they have been writing concerning the Las Vegas Real Estate Market. I am sure yours are the same.
http://www.lvrj.com/business/7708137.html