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I work at a real estate company, and I can tell you that the number one scapegoat for the rapidly-deflating market is the media.
Seriously, everyone in this business believes that the media, with all of it's "doom-and-gloom" stories is keeping the market from improving. The brokers groan about the "damn media" in every meeting we have anymore. This is, of course, completely retarded, but it's the line the Realtors are sticking to. As always, they're quick to blame everyone and everything else for the cesspool they created.
I would bet dollars to donuts that the Bulletin, the big O, and every other newspaper in Oregon don't want to step too far over the line drawn in the sand by one of their biggest cash cows. Times are tough enough for newspapers without losing all of that sweet, sweet real estate advertising cash.
I wouldn't be surprised at all that Fisher would get fired for not being a rah-rah cheerleader, especially in Bend (which is a perfect storm of good-ol-boy backroom dealings and a real estate market that's crashing harder than nearly any other in the country). Don't want to upset the developers out there these days... they're backed against the wall and like everyone else in this foul industry, would rather point the finger of blame anywhere but at themselves when things go wrong (just ask Renaissance Homes about the million or so bucks they owe to Key Bank on homes they built on speculation and now can't sell!)