While the newspapers headlines are “Albany area home sales fell 15% in 2008” (Bussines Review 1/26/09). The real story should be Albany Area market holds its value, but as all we know very well positive news does’nt grab headlines…. If we look at the statistics release today by the Greater Capital Association of Realtors, the real story is simple :
The median price of a home locally for 2008 is down 1%, while the number of units is down 15%. This are great news for our area this actually means while the market has shrunk the value of real estate holds quite well.

So why are the news media so entrenched on selling negative advertising?

We have so much going for our area, great stable economy, some potential growth with AMD coming to the area, compared to the rest of the country we have our slice of heaven….

A couple of weeks ago Forbes.com release the Albany Market as one of the top 25 real estate markets in the country. I guess the national media can regcognize a good thing when they see it….