This was the basic headline in the Dallas Morning News last week regarding home scheduled for foreclosure in February. Those eye-catching headlines certainly get your attention and I imagine help to sell newspapers. But when you read the entire article you'll discover what is probably a pretty good explanantion as to what contributed to this dramatic increase.
The first Tuesday of the month is the day that lenders are allowed to take properties by foreclosure. In January that day was New Years Day. Do you think the lenders knew this and could have decided to not participate due to a probable lack of interest? George Roddy of Foreclosure Listing Service estimates the 10-15 percent of January postings were moved to February for just this reason.
But of course the DMN would rather pile on to the fears already being felt amongst consumers and keep those negative headlines in the forefront of our minds. Fear paralyzes and for some reason the media wants to see our economy continue to decline. Guess that makes good headlines too when their "prophesy" plays out just liked they had hoped.
Bottom line, the D/FW real estate market is just fine. Not great, not gangbusters, but just fine and actually a pretty normal healthy market. What a terrific time to buy real estate and hold onto it for awhile. Remember, real estate is supposed to be a long-term investment, not typically a get rich quick investment.
Monday, January 21, 2008
Wednesday, January 2, 2008
2008!!! Happy New Year!
First "official" workday of the new year. I'm looking forward with anticipation to what 2008 will bring to each of us, how the national and local economies will trend, and how the real estate market will be affected by the upcoming election and the campaigns leading up to it.
As you may have also, I have a few resolutions for the new year and even more goals to accomplish. I'm excited about the opportunity to tackle these goals and work even harder than ever to make my real estate clients glad that I am "their" Realtor. I enjoy the challenge of the work I do and am so grateful and blessed by the many referrals I receive from my current and past clients and friends.
Make 2008 the BEST year ever for you!
As you may have also, I have a few resolutions for the new year and even more goals to accomplish. I'm excited about the opportunity to tackle these goals and work even harder than ever to make my real estate clients glad that I am "their" Realtor. I enjoy the challenge of the work I do and am so grateful and blessed by the many referrals I receive from my current and past clients and friends.
Make 2008 the BEST year ever for you!
Subscribe to:
Posts (Atom)
