The TRUTH about the Housing Market!

It seems day after day, I read story after story that promotes the downfall of the housing market. I see where homes are losing value and mortgages are more difficult to obtain.

There is only one problem with stories like these. They are NOT an actual representation of the housing market!!

For some reason it has become acceptable and almost expected to tell false blanket stories that project a very negative and false picture of the housing economy.

Is it true that housing has lost value in parts of California?....YES!
Is it true that home values have decreased over parts of the East and West Coast?....YES!
Is it true that the Economic conditions for job growth in Detroit are difficult?....YES!

As a Real Estate Expert in Texas I can tell you that these issues that are being faced in other parts of the country have little to no effect in the Texas market.

These are the FACTS!

• 262,000 NEW Jobs created from April of 07' to April of 08'!
• 11,000 NEW People move to the Dallas / Fort Worth Metroplex EVERY Month!
• Homes are NOT Losing Value on a wide scale.

So then why is it acceptable to issue Negative Blanket Statements for the Housing Industry to the Public?

In any other aspect of life, accepting blanket statements and stereotypes is considered the lowest form of journalism, is unethical, and is for the most part ignorant.

If Housing is down in Miami, does that mean it is also down in Dallas?.....NO! That makes NO sense!

If crime is high in Washington DC, does that mean crime is also high in Trophy Club, TX?....NO! That makes NO Sense!

The Media Needs to stop trying to Localize a National Issue. It is both inaccurate and Dangerous. The negative news flow is hindering the housing market across the nation by fear mongering and scaring the public.

THE TRUTH ABOUT what the media is doing is this:
In Texas and other very solid markets around the country, people are waiting to purchase homes because they HEAR the market is bad. They are waiting to purchase because the NEWS tells them prices will keep falling.

Only one problem....IT'S WRONG!

The TRUTH in TEXAS

• Prices WILL begin to rise very soon. With higher gas prices come higher building costs--just like anything else you purchase.
• Interest Rates will be going back UP to their normal range. 5% and 6% Mortgage Rates are NOT the norm.
• The LONGER you are told to wait...the HIGHER the cost to you.

The TRUTH about Interest Rates

• 20-Year Average is 7.3%
• 30-Year Average is 8.8%
• Pre 9/11 Average back to 1990 is 7.67%
• POST 9/11 Average is 6.23%
• *9/11 Shocked the world. Rates were lowered to stimulate buying to spur the economy and lower consumer fear.

The time has come to end the False Stories and the Negative Information Exchange. It is doing nothing except promote a poor economy, costing Americans more of their future money (the cost of waiting), and perpetuate a growing feeling of insecurity.