Dow Sinks, Again
The Dow closed at 8,577.91 on Wednesday. That’s off 7.87 percent, a drop of 733.08 points, as investors begin to realize that a recession is pretty much a foregone conclusion.
Happy, shiny real estate news
By: HousingWire staff
May 27, 2008
Want to pretend the bad news is a figment of media creation? For those who want to keep their heads firmly planted in the sand, at least one broker information source isn’t hiding its agenda — it will only cover good news about the real estate market. The site, http://www.happyREnews.com, was launched by a company that provides market data for brokers and agents nationwide.
That company, IMS Incorporated, obviously is pandering to the RE agent and broker community that it sells its data to; although we’d suggest that the best brokers and agents would rather know what the latest Case-Shiller index has to say about the health of most key real estate markets.
A scan of the site finds that there’s very little in the way of news on the site itself, which we’ll take to mean that there isn’t much good news to report on right now. It might be vacant for awhile, too, given market conditions in the real world.
But we wanted to cover it because the site’s name — Happy Real Estate News — manages to conjure up images of an old REM song and Japanese anime, at the same time.
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