All Real Estate Is Local…

Realtors confirm: National media fails to focus on local markets

COLUMBIA, S.C. (March 20, 2008) — According to the S.C. Realtor Confidence Survey, ninety percent of Realtors report that the national media is negatively influencing South Carolina’s housing market. The monthly survey is a key indicator of housing market strength based on responses from 316 real estate practitioners in South Carolina. The Confidence Survey conducted by the South Carolina Realtors (SCR) will provide further insight into the housing market and predict future trends by gaining feedback from the front lines of the industry.

Nick Kremydas, CEO of SCR explained, “The national media repeatedly reports on the doom and gloom of the housing market. The media went on and on about the real estate bubble, not realizing that all real estate is local. Through accurate reporting and reliable data sources, local media has the power to ease the fears that have been instilled in the general public.

“February’s housing figures show that South Carolina’s market is resilient to national trends. Despite lower sales figures reported by Multiple Listing Service (MLS) data from SCR, median home prices continue to remain steady and market conditions are starting to show signs of improvement

Speak Your Mind