Forbes Deletes Denver Dissing Article

Denver Real Estate

Churchill was right!  “Never, never, never, never give up.”

The people of Metro Denver demonstrated you can fight the media and score!

Forbes sucks at saying "We're sorry!"

If you have been reading my last several posts, you will be aware of how Forbes placed Denver as #2 of the Worst Housing Markets coming as a severe shock to real estate professionals who watch the market, and seasoned veteran of the Denver real estate reporting world, John Rebchook, Mayor John Hickenlooper and scores of others.

Today Forbes deleted not one, but two online posts relating to the false and inflated stats found by writer Francesca Levy.

The report came as a surprise to many experienced people who watch and know the Denver real estate market. Many who asked or in the case of the Mayor DEMANDED a retraction, I was told personally by Francesca Levy that Forbes doesn’t do retractions, just more reporting.

Well Forbes second article failed to take personal account for making the mistake to begin with.  Instead they  pointed the blame at Zillow, who had Francesca Levy bothered to ask would have informed (suggested) she not use the stats they presented for her specific article.

COO Spencer Rascoff clarified Zillow’s position in an email  (I reprint with his permission):

  • The methodology behind the statistic which the Forbes.com reporter pulled from Zillow.com showed the cumulative number of homes listed for sale on Zillow during the month, not a snapshot at a single point in time. This explains why the number wouldn’t match MLS inventory statistics, and further explains why the reporter shouldn’t have used it in the way that she did. (And had the reporter contacted us before writing the article, we would have recommended that she not use it in the way that she did.)

OK So Forbes takes responsibility by hitting the Delete button. Click, it never happened.

Hardly.  What about the crushed hopes you dashed by dissing the Denver real estate market.  How many homes will fall into foreclosure because deals mercilessly died for your lack of journalistic accountability?  How many hard working honest real estate brokers had to spend an evening with clients explaining, yet again why your article(s) don’t jive with reality, instead of being present  at their kids’ games?

How much damage can you cause a city?  How much is that times ten?

How much harm has Forbes caused in printing crap?  Not just ordinary crap, but harmful crap?

It angers me greatly how you can cause such harm and never say, “gee I’m sorry I goofed.”

We need to be vigilant in watching the media.  Make them report the truth. Hold their feet to the fire when they don’t.

Yes, this silly little blog doesn’t get the traffic that Forbes.com does, but by golly I can and will screech and scream until someone notices.

Forbes shows us, if you can’t compete, delete.

P.S. Oh by the way if you would like to read the original articles let me know, I have saved them. :)

“America’s Worst-Selling Housing Markets”

“Reaction To Forbes Ranking Of Denver Housing Market”

Forbes needs to know, “What happens in Vegas stays in Vegas. What happens on the Internet gets posted to blogs, backtracked, tweeted, Facebooked, and saved to KK’s PC”

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

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About Kristal Kraft Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

4 thoughts on “Forbes Deletes Denver Dissing Article

  1. Pingback: Tweets that mention Forbes Offers No Explanation Just Hits Delete | Denver Real Estate and Relocation -- Topsy.com

  2. Maureen McCabe

    I am glad they deleted it because even with a note at the bottom saying "We goofed" people could miss that retraction and continue to assume it is valid.

    The thing about "cumulative" numbers is interesting too. I saw someone from Ziillow say that but did not get what they meant. Now I do.

  3. teresa boardman

    That is a good way to handle it if they take it down it is gone and no harm done. LOL

  4. jonbenya

    Great to hear the follow up to this story. Nice to know that Forbes is taking the Jimmy Hoffa approach: If no-one finds the body, it never really happened..

Comments are closed.