WHY IS THE MEDIA STILL TRYING TO CONVINCE US THAT REAL ESTATE IS IN THE "DUMPSTER"
By Paula Hathaway, REALTOR, LBA, ...A Local Expert in all The Hamptons
(Douglas Elliman Real Estate)
"All Real Estate is local"---is a phrase that we all have heard for some time now. This is the real truth about real estate and yet we are still bombarded with reports about the devastation that is still in the pipeline, especially where subprime mortgages are concerned, on a national level.New homes or housing starts are in pretty bad shape nationally yet on my block in Southampton Village, in New York there are three new builds and one completete renovation going on as we speak. Here on Activerain I read all the time about how business is active again in a lot of areas....some even say the phone will not stop ringing right now---just a FEW DAYS BEFORE CHRISTMAS!!!! Last week I offered up an article on the projections made by NAR for 2008---this was the ONLY report that was positive in...