Orlando Real Estate

The Orlando Sentinel found an economist with the Portland Cement Association that says Florida may already be in a recession. I am sure this guy is an expert, but why did the Sentinel go to the economist for the Portland Cement Association? Because...he used the "R" word. Our own local economist Dr. Hank Fishkind feels like we have been hovering around the bottom for some time, and sees a quick recovery. That apparently is not newsworthy, because it is a positive story.

The truth is that the newspaper is trying to remain relavent in a society where news is available 24/7 on your PC and even on your phone. Journalists are becoming less necessary as there are cameras and camera phones everywhere. Who needs reporters and journalists when there is raw footage of everything as it happens? Bad news sells, and if the news isn't bad find someone who thinks it is and report on that.

I apologize for the soap box thing, but I honestly think our economy has become the self fulfilling prophesy of the media. If you say things are bad often and long enough, people will beging to believe you. In Orlando real estate the truth is prices are down, interest rates are down and inventory is up. That makes for a tremendous buying opportunity. Start buying homes and watch the economy pick back up.

www.davidwelch.com