Let's Think Positively For A Change
Well, this has sure been a week full of real estate media crapola. I mean it! I'm sick of reading and hearing about how real estate continues to deteriorate.
I've been hearing on CNBC about banking and mortgage garbage all week, and how normally well qualified buyers can't get a mortgage from the banks.
I've been hearing on Fox and NPR about how the Obama programs to save people from foreclosure are mostly failures and serve only to build up false expectations and set people up for future failure.
All the major networks have been banging away about the new foreclosure crisis and I can see loads of legal entanglements for banks versus homeowners on those issues in coming months ... and maybe years.
This morning, I read in the St. Petersburg Times that the Case-Shiller Home Price Index for August says Tampa Bay home prices dropped another 4.1-percent for the year ended last August. The only market that was worse than ours was Las Vegas, where prices fell 4.5-percent for the same time period.
This week past, somebody even e-mailed me some colorful charts and graphs to let me know how far real estate prices have fallen since reaching their peak in 2006. Like I need a graphic representation for this disaster, you know?
Hey, are you as tired of this kind of media coverage as I am? I mean it. I'm sick to death of reports of real estate doom.
Here's my suggestion: Only look on the bright side of real estate.
Don't say that ONLY a few hundred homes were sold this month. Say that a few hundred people found their new homes here in Tampa Bay ... that's great for them.
Don't say that real estate prices dropped another 4.1-percent. Say real estate prices are now a little more affordable, making this a great time to be looking for a new home.
Don't say that bankers are making it hard for credit-worthy people to get mortgages. Say that the new mortgage requirements will strengthen the credit system in this country and help us avoid future mortgage problems.
Don't worry about all those foreclosed properties on the market. Sooner or later they will all get sold at low prices ... and in a few years it won't matter anyway.
And when you hear the words "real estate" and "Obama" in the opening paragraph of the same story on Fox TV, change the channel immediately because even it it is good news, Fox will make it sound negative. It's what they do!
I say we dump the negatives, stress the positives, and get on with things as best we can.
Happy Selling!
-30-
I've been hearing on CNBC about banking and mortgage garbage all week, and how normally well qualified buyers can't get a mortgage from the banks.
I've been hearing on Fox and NPR about how the Obama programs to save people from foreclosure are mostly failures and serve only to build up false expectations and set people up for future failure.
All the major networks have been banging away about the new foreclosure crisis and I can see loads of legal entanglements for banks versus homeowners on those issues in coming months ... and maybe years.
This morning, I read in the St. Petersburg Times that the Case-Shiller Home Price Index for August says Tampa Bay home prices dropped another 4.1-percent for the year ended last August. The only market that was worse than ours was Las Vegas, where prices fell 4.5-percent for the same time period.
This week past, somebody even e-mailed me some colorful charts and graphs to let me know how far real estate prices have fallen since reaching their peak in 2006. Like I need a graphic representation for this disaster, you know?
Hey, are you as tired of this kind of media coverage as I am? I mean it. I'm sick to death of reports of real estate doom.
Here's my suggestion: Only look on the bright side of real estate.
Don't say that ONLY a few hundred homes were sold this month. Say that a few hundred people found their new homes here in Tampa Bay ... that's great for them.
Don't say that real estate prices dropped another 4.1-percent. Say real estate prices are now a little more affordable, making this a great time to be looking for a new home.
Don't say that bankers are making it hard for credit-worthy people to get mortgages. Say that the new mortgage requirements will strengthen the credit system in this country and help us avoid future mortgage problems.
Don't worry about all those foreclosed properties on the market. Sooner or later they will all get sold at low prices ... and in a few years it won't matter anyway.
And when you hear the words "real estate" and "Obama" in the opening paragraph of the same story on Fox TV, change the channel immediately because even it it is good news, Fox will make it sound negative. It's what they do!
I say we dump the negatives, stress the positives, and get on with things as best we can.
Happy Selling!
-30-
posted by Terry Ward at 5:27 AM
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