Miami Herald ombudsman Edward Schumacher-Matos argues Sunday for more context in the paper’s coverage of the Florida and national real estate market.
“My complaint actually takes The Miami Herald into a riskier direction, but one that I think better serves us as readers if done right. Herald reporters and editors have been too scrupulous, in that they have been too timid. They have done the timely major stories and done them well, but they have not followed up with enough analysis or perspective of their own.
“We need to better understand where the value of our homes is heading tomorrow — as opposed to what it is today — and how we might influence that. No coverage is more important to us than real estate, and The Miami Herald could be doing more than it is.”
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I agree with this article on more fronts than just Miami. There are positive real estate transactions taking place in several major markets, but the doom and gloom (national) reporting has implied the entire industry has shut down and no one can obtain full value for their home which just isn't true. Yes, things have slowed a ton but not to the level every major market has folded the tent.
My personal belief is the wost is behind us and things will pick up again this spring. I'm basing this on empirical evidence versus a statistical analysis so I hope I don't get roasted for sharing an opinion that isn't rooted in hours of stat scrubbing. :wink:
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