Taking it Back!
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Good morning. I’ve been called a few names on this blog (‘Mr. Vile,’ ‘Mr. Gloom and Doom,’ etc.) and urged to consider Rogaine, but this is a new one: ‘psychic vampire.’
Bernice Ross writes at Inman.com today, ‘I am sick and tired of the negative media constantly ranting about how horrible everything is in our business. It’s time for our industry to fight back against these psychic vampires who seek to suck every bit of hope and optimism out of us just to build their circulation.’
Exactly what evidence of hope and optimism is the media ignoring? So glad you asked. Ross, a real estate sales coach, quotes these stats from Doug Duncan, the chief economist for the National Mortgage Bankers Assn.:
‘Thirty-five percent of the homes in the U.S. do NOT have a mortgage. ... Some 94.88% of the loans ARE performing. ... The foreclosure problem in this country is really a story about seven states. (Yes, California is one of them) ... The resale market in California’s major markets continues to be strong. In fact, the closer you are to a metropolitan area, the better the sales are. In the million-dollar-plus price range, there has been essentially no change from 2006 to 2007.’
She concludes, ‘There’s no question about the fact that there is bad news in some markets. What irks me is that there is also a lot of good news that is either being buried or is not being reported at all.’
Well, then. Certainly some of you have thoughts on this? Comments? Insights? E-mail story tips to lalandblog@yahoo.com.
Photo credit: L.A. Times