Have you ever wondered what impact negative news has on people?
One thing for sure, it is not positive. Reporting more and more negative news about the housing market will certainly not help our economy. We have been bombarded with negative economic news for about 2 years or so now. It seems that negativity, breeds negativity. I like to think that a glass is half full. I like to look for the positive news within an article even though the headline may be negative.

Let me give you an example.  At the end of November, a number of articles were published stating that about 23% of all households are "underwater". However, as you read the article, there is some very good news within it. It stated that according the Census Bureau,  nearly 24 million owner-occupied homes don't have any mortgage. Well, that's big news! That is worth writing an article about. That gives the US housing market a lot more stability than most folks listening to and reading the news know. Were you aware that so many homes have no mortgage? I have read reports from various sources stating that we have 76,000,000 owner occupied homes in the US. If 24 million don't have a mortgage that is 31.6% of all owner occupied homes! These homes provide a solid foundation of stability to our economy. Once you put that number in the mix, then only about 14% of owner occupied homes are under water, not 23%.

Here is one more example of good news within another article that featured this same story.  This article mentions that "the majority of underwater mortgages are heavily concentrated in five states...Nevada, Arizona, Florida, Michigan and California." So what's some good news here? If you live in one of these states, not much, but if you live in any of the other 45 states, things are not nearly as bad as that 23% number that is featured in the article.
 
I'm certainly not saying that things are good. I'm just saying that I believe things are not as bad as most consumers have been led to believe. If you are a journalist, how about writing more of the positives regarding the US economy. How about featuring more stories of the approximately 90% of US homeowners that pay their mortgage on time or have no mortgage!

Till next time, make today an amazing day! Focus on the good. See the good. Inspire good.

John Santorineos



Remember, whether you are buying or refinancing, our licensed professionals at www.AboutHomeMortgages.com want to assist you with securing your next mortgage.

Get your Free Interest Rate Quote Now!