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FeedRank: 5/10  5/10  Good  ---  activerain.com
Latest blog entries by ActiveRain users ...

 

 
Wednesday, August 13, 2008 --- 97 days ago
I'M SITTING AT MY COMPUTER WORKING ON A WEB PAGE, JUST WORKING AWAY.  FOX BUSINESS IS IN THE BACKGROUND. . . . .  SO FAR, SO GOOD. WAIT!!!   I hear in the background the words "National Association of Realtors".   That will get my attention. I take a peek and on the screen is Stuart Varney , a business broadcaster that I like a lot.  His guest is Dr. Paul Bishop of the Research Division of the NAR.  I see Dr. Bishop and Mr. Varney discussing the condition of the housing market and the fairly negative outlook for the immediate future.  Of course, Dr. Bishop's views are national and rarely relate to my particular market.  BUT WAIT! ! !    Scrolling across the screen are the announcements: ZILLOW says housing prices down 10% from last year. ZILLOW says 25% of homes selling for a loss. I am very confused.  Is Dr. Bishop sourcing his opinions by Zillow?  Is Stuart Varney sourcing housing statistics by Zillow? Does Fox Business believe that market announcement from ZILLOW is news? Does Fox Business believe that market information from ZILLOW is accurate? Does NAR use ZILLOW as an authority for anything? Does NAR use ZILLOW information?  OR, is it a coincidence that Dr. Bishop is speaking concurrently with the general housing statistic announcement from Zillow crawling across the screen?  Is Fox Business News using ZILLOW as an authority??  Please.  Tell me it ain't so.                                                                           ...




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