I think there is generally a misconception among investors that off market means its a good deal and on market means its too expensive. 

I think there are misconceptions about a housing crash and what causes it.

Don't fall for the common misconception that prices never go down for real estate.

I can see a wheeler-dealer type saying "I own" rather than saying "I have an ownership interest" or more correct "an equity interest in".That there are misconceptions about the role of an attorney acting as an escrow for a starw man which is perfectly lawful and where disclosure may not be required to be made, but where full disclosure should be made.

There is a misconception that being a RE investor automatically qualifies them for Solo 401k, which is not the case.

It might be a misconception because during derby week here in Louisville, I can see the prices inflating.

This is a common misconception for limited partners who are investing into syndications. 

So Id say governments portrayal of the state of the economy should be taken with a grain of salt.That's not true; there isn't much nor any evidence of such because that is a false statement, one that is a common emotional-based misconception of the factual economics. 

You should check out: The Most Common Misconceptions of Investing in Real Estate

The common misconception is to be unique , be a lone wolf , get new ideas nobody else has done and hoard all the market share for yourself .