Housing Blogs Draw Loyalty

(The current United States housing market has produced a plethora of articles that appear to have been copied and pasted from one major source.)

But if you read carefully, the words slightly change and so do the dates they were written.

Now that the market correction has been identified, every report now supports one of two predictions; Will the housing market rebound or continue to slump in 2007?

As expert economists and presidents of major development and housing corporations give their predictions, America has grown tired of important men in suits contradicting each other and telling Americans what to think. So they have begun to focus their attention on a more personal media information facility; blogs.

The article, "Bubble bloggers are the new real estate sages," written by Carol Lloyd of the San Francisco Chronicle on November 3, 2006, explains why blogs have attracted a more loyal, personal relationship with individuals interested in the future of the real estate market.

Remember when people were proclaiming that there was no place to go but up, and that you better jump on the real estate wagon fast to make the most money possible. Well, hopefully not too many people jumped on the wagon in late 2005 because that's when the "it won't happen," happened.

"Each day brings reports from Virginia (on rising new home sales cancellations) to Orlando (on plummeting home construction) to Tahoe (on the nearly 25 percent fall in sales). Bad real estate news just keeps coming like a slow-moving train wreck"

Then why last week when National Association of Realtor's chief economist, David Lereah suggested the worst of the market slowdown was behind us, did people not really believe him?

"When the market was boomin', his word might've been taken as gospel. But now that the sky is falling, bubble bloggers have become the sages of the day."

Bubble blogs (real estate web logs) have developed their own world of media dissemination. They have grown in popularity as quickly as Sudoku. Every major real estate region from Boston to San Francisco has at least one.

Some bubble blogs engage in serious economic real estate debates, bombarded with charts and graphs. Other blogs use satire and current news articles to discuss. But they are all opinionated without plugging any real estate or mortgage conglomerate.

Bubble blog have made regular real estate gurus famous as the public demands more information from these bloggers than say, David Lereah.

"It was Housing Panic [leading bubble blogging web site] that first reported on Iamfacingforeclosure.com, the blog of Casey Serin, a young real estate investor who self-publicized his massive real estate failures to get him on NPR and in USA Today and this column. This week got him an audience with his real estate idol, Robert "Rich Dad" Kiyosaki."

These blogs are like chat rooms in the sense that some will cover a broad range of market issues while others will have seminars that cover one term or aspect of the industry. They provide information without any promotion.

Have you ever heard an economists or representative for a major housing or real estate company talk about his or her company's tactics and products and just wished you could get the information without the selfless promoting. Then you may want to check out a bubble blog as well.

Back to Articles