Is Matt Lauer Is Wrecking The Main Line Real Estate Market?

If you own Main Line Real Estate, are looking to buy Main Line Real Estate or are just a fan of Philadelphia Magazine (aka Philly Mag, or www.phillymag.com) then I think you should read Lavinia Smerconish's lastest article about the national media's influence on the local buyers and sellers.

While I do not have the local audience she does, I think sites like Active Rain and Localism.com are a great place to spread her recent message, and that message is that the national media is killing the local real estate markets.

Real estate is a very personal and local commodity. What happens in Miami or Phoenix, or for that matter in Reading PA, does not usually impact your local market. Cyclical changes in the market usually are confined to school districts, or even counties, but to assume that a simple blanket formula can be applied to real estate in all parts of the country is sheer nonsens!

Read the full article here: How Matt Lauer Is Wrecking the Philly Real Estate Market

"In any market, people are interested in the value of their home. But I've been in real estate for 24 years, and today, the intensity of interest in the market is unprecedented. It's gotten so I can't go anywhere on the Main Line without being buttonholed by some panicked acquaintance worried about the so-called "real estate crisis." I've fielded inquiries over dinner at the Guard House in Gladwyne, in the Cosi coffee line in Bryn Mawr, in the frozen foods section at the Genuardi's in Radnor, and at the movies in Edgmont.

I tell the curious what I know: Yes, the Main Line market has indeed softened, but it's a far cry from any crisis. The softening has nothing directly to do with the sub-prime market, or the availability of quality real estate or mortgage money. The market forces in effect here are Matt Lauer, Diane Sawyer, Ann Curry and their ilk. Of course, not everyone in the media has nefarious motives. (I should know; I'm married to a member of their ranks.) But the media-driven perception of what's going on in the marketplace has me concerned. " To read the full article, click here: How Matt Lauer Is Wrecking the Philly Real Estate Market