Home Front

A blog about the economy and the Sacramento-area real estate market.

May 8, 2008
Cities where prices are rising

Being from Sacramento, where home values have been falling for almost three years in many neighborhoods it's always amazing to hear about regions where home prices are actually rising. We heard about that this morning in Dallas from Charles McMillan, president-elect of the National Association of Realtors.

His point to the media: painting the national housing market with a broad brush causes some people to stay on the fence without reason. He cited "robust" markets such as Springfield, Ill., Topeka, San Jose and Syracuse. McMillan is realty relations manager with Coldwell Banker in Dallas-Fort Worth. He said prices are up 8 percent from the last quarter in San Antonio and up 6 percent in Austin and Corpus Christi. After such a long time of seeing prices fall in Sacramento it's amazing to hear about anywhere where they are still rising.

Of course, most of those places never saw the big run-up we saw in Sacramento.

McMillan talked about the sometimes strained relationships between the media and real estate agents who think the media has been overly negative. One questioner from New England asked about the image of real estate agents, however, noting that the National Association of Realtors ran full page ads in Oct. 2006 saying that: Now is a good time to buy. The questioner said that anyone who followed that advice in his part of the country has by now lost all their equity. McMillan kind of danced around that one, but it sure sounded familiar.

All during 2006 I recall calls from real estate agents to voice their concern about the tone of coverage as the market started to stumble. Almost always, they said it: Now is a good time to buy. And anyone who took their advice then has seen their values fall pretty hard. I am not saying anyone is always right or always wrong. But just as the media is often charged with having credibility issues, so too, does that apply to the real estate industry.

About Comments

Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.

What You Should Know About Comments on Sacbee.com

Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "report abuse" button to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand. If you want to discuss an issue with a specific user, click on his profile name and send him a direct message.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "report abuse" button to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them, but you may ask our staff to retract one of your comments by sending an email to feedback@sacbee.com. Again, make sure you note the headline on which the comment is made and tell us your profile name.

hide comments

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.



Jim Wasserman on Twitter

Follow "jimwasserman" on Twitter

October 2013

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31