Kill that Messenger
Pity the business reporters who have to tell Utah that its real estate market has tanked. Realtors, basically a highly organized mob, don't like downbeat stories. Not at all.
Unfortunately, a report released by the National Association of Realtors shows Utah had the sixth-highest decline in existing home sales — 33.8 percent — of all states in the fourth quarter. You're surprised no doubt, because you've been told Utah would NOT go the way of the nation, where the housing and finance markets have cratered like a mobile home with a leaky propane tank.
The Tribune's Leslie Mitchell broke the news like this:
Utah's residential real estate market, which once bucked the national downturn and all the negative press that went along with it, is now right smack in the middle of it.In came the shrieking emails. Realtors, apparently not the brightest people, don't seem to understand that the reality precedes the news stories. They believe the invisible hand of evil business reporters strangles the market.
Mitchell even has been accused of triggering a recession. Spread the rage around, agents. Even the DNews, which hates to print bad news, has the story.
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