Real Estate News and Advice
August 29, 2008
Learn the Art of the Short Sale


Search Realty Times
 





Study Online, but Never Alone



Exclusive Leads In Your Market









NEED HELP?

Click for Live Support


Call: 214-353-6980





Top 10 Lists Change With Times

Home buyers shouldn't rely too heavily on those popular "100 Best Places" lists when they are looking for the next hot market or a good place to relocate.

It's not that the lists published by several magazines aren't accurate. They are, said Bert Sperling, who devised the methodology and collected and analyzed the data for all 17 years of Money's Best Places to Live features. But the criteria on which evaluations are based isn't as consistent as it could be.

The reports "would have more value without the changes," the quality of life analyst recently told a gathering of more than 100 reporters who cover residential and commercial real estate on a regular basis. "But their main purpose isn't to provide value, it's to sell magazines."

Besides Money, Sperling has done studies for Self ("Best Cities for Women"), Newsweek ("Great College Towns"), Seventeen ("This Town Rocks! Best Cities for Teens"), and SmartMoney ("Best Places to Buy a Second Home"). He also has done a number of similar studies for corporate advertising campaigns for such firms as Korbel Champagne ("Most Romantic Cities") and Chevrolet ("Safest Cities").

In almost all of his annual reports, some places fall off the list. But that "doesn't mean here today, gone tomorrow," the analyst said at the National Association of Real Estate Editors Annual Journalism Conference in Salt Lake City.

To keep the studies fresh, sponsors often change their criteria or the weighting to give different import to various categories, he explained.

"One year, education is important. Another year it's crime rates or a low unemployment rate. It depends on what is on their readers' minds. But just because a location drops off the list doesn't mean it is no longer desirable."

Sperling, who keeps track of 3,000 cities and is in the process of developing his own sprawl index, said publishers like to run the lists more for the publicity they generate for their magazines than as a public service to their readers. "They're popular because the press mentions the magazine's name in their stories" about the lists, he said.

Nevertheless, the mere mention on a "best places" list is important for the cities that are named.

"Anytime a national publication" lists Salt Lake City, for example, "the number of 800 calls increases dramatically," reported Spencer Kenard of the Utah Travel Council. "People say, 'Let's go check out that place.'"

But that phenomenon also occurs whenever pretty pictures are flashed on the television screen during a newscast, Kenard added. "When the Olympic scandal broke, our calls went up three-fold because viewers saw some great pictures."

And when a city or town doesn't make a "Best Places" list? They're on the horn to Sperling almost immediately to find out why and what they can do to improve their positions the following year.

For more articles by Lew Sichelman, please press here.

Published: June 25, 2001

Use of this article without permission is a violation of federal copyright laws.




When Lew Sichelman first started writing about housing in 1969, he was the youngest real estate writer in the country. Now, 37 years later, he's one of the oldest -- and most decorated.

He has been rated the top housing columnist in the country by the National Association of Realtors as well as by his peers in the National Association of Real Estate Editors. Indeed, NAREE has recognized his work on numerous occasions. One year - due to his advancing age, he can't recall which one - he earned top honors in the annual NAREE Journalism Contest in three out of the four major writing categories. It was the first time one writer has won so many NAREE awards in a single year.

Known for his ability to make even the most difficult topics understandable, Sichelman also has been honored by the National Association of Home Builders and the Mortgage Bankers Association.

He began providing in-depth coverage of and consumer-oriented information about housing and housing finance at the Washington Daily News, where he was real estate editor. He held that same position for nine more years at the Washington Star, which purchased the News in 1972.

The Star, a so-called "writer's newspaper" which also had the misfortune of being an evening paper, was put out of its misery in 1981, and Sichelman, who had begun self-syndicating his column in 1978, decided to become a full-time columnist. Today, his column, "The Housing Scene," is distributed by United Media to newspapers throughout the country.

He also is on the staff of National Mortgage News, an independent newspaper which is considered the bible of the mortgage business. And he writes for numerous other publications, including MarketWatch.com, where he answers readers questions once a week, Sports Illustrated (don't ask), RealtyTimes.com, BigBuilder and others.

Sichelman is married, the father of five and grandfather of eleven.



Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 6.47%
15 Year Fixed: 6.00%
1 Year Adj: 5.29%
(U.S. Weekly Averages)

Today's Headlines

Today's Insider REALTOR Secret



Learn the Art of the Short Sale



Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2001 Realty Times®. All Rights Reserved.