Connecticut Real Estate Blog - Real Real Estate in CT

My morning paper greeted me with the headline, ‘Pop Goes Housing Bubble.”  Chicken Little couldn’t have said it better himself if he ran through the streets crying, ”the prices are falling, the prices are falling!” 

The article in the Hartford Courant, appearing September 26, 2006, illustrates my frustration with the media.  While the article is factual in that there is a national  decline in prices and sales, the article does not mention that Connecticut’s real estate prices have remained steady until the eighth paragraph.   In fact, median prices are up by more than 3% over this time last year, according to the Greater Hartford Association of Realtors.  Other realtor boards have reported similar numbers. 

It is entirely likely that Connecticut will experience no price increases in the coming months or may even see a decline.  However, it is irresponsible to report an event before it has happened in our state.  It gives readers a false impression just to make a cute or dramatic headline. 

Real Estate is a local business.  What is happening in San Diego, California, may not be taking place here.  Similarly, what is happening nationally cannot be said to apply to Connecticut.  Prices may indeed fall in our state - but it hasn’t happened yet.