Weston Florida Reels In On Media Madness

Visiting our favorite getaway, my son fishes from sun up to sun down. Sometimes he comes back and says, "Mom, caught three big ones." Big could mean five inches or twenty-five inches. My son finally caught "the big one."

People want the facts or to see evidence first hand. While the public listens to the radio, watches the nightly news, scans the local newspaper or glances at a passing headline, I, on the other hand, have the advantage of proprietary information that I must share to combat all the negativity.

One year ago Weston had an eighteen-month supply of inventory. Currently, Weston is experiencing a decrease of inventory and has only an eleven-month supply. What does that really mean? If not another listings was added to the MLS today, it would take eleven months to sell every home currently on the MLS. One year ago, it would have taken us eighteen months. Because Weston has an eleven-month's supply of inventory, it has experienced a twelve-percent decrease in inventory from last year. Amazingly sales have increased forty-two percent over last year.

However, when homeowners listen to all the media hype, they get a fish story. Luckily, homeowners in our market can check out their own statistics and compare local areas by accessing Neighborhood Facts & Trends on the EWM.COM website.

Not everything we read is necessarily negative. Our government knows that to stimulate the economy, something has to be done with regards to the housing market as its first order of business.

CBS News has reported that the Treasury is being urged to lower mortage rates to assist homeowners.

"The National Association of Realtors has been pushing a plan under which the federal government would spend $50 billion to lower mortgage rates. It says doing so would yield about 500,000 more home sales."

That would be "the big one."