This Month’s ‘Housing is at the Bottom’ Article
Our local papers tend to run articles about once a month that say housing prices have bottomed out, so you should buy now instead of waiting. This Sarasota Herald-Tribune piece quotes local builder Lee Wetherington, who says his sales prices are 25% lower than in 2005, that building costs are going up, and new homes are a better value than “resale” houses. And no, this article is not an ad, even though it reads like one. It carries the byline of respected Herald-Tribune staffer Stephen Frater, which means it’s a jen-you-wine news-type article even though it consists entirely of quotes from a single, self-serving source.