The spin and choice of statistics used by the newspapers and television reports concerning the mortgage and real estate market smack of sensationalism and hyperbole. Yes, there are challenges in both markets and yes, the time old supply vs. demand, prices and length of time to sell are not the same as two years ago. But does the bad news outweigh the good news? NO!
Lower interest rates, listings priced to sell go a long way to making this a good time to buy.
Most pronounced foreclosure problems exist in California, Florida, Nevada, Arizona, Michigan, Ohio and Indiana. States with the highest levels of speculation during the boom years and then there is the unemployment in the midwest, which is significant.
The problems in the mortgage and real estate market do exist, the situtation, for the most part is much more positive than the national media portrays it!
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