The Buyer's Market Times: It's True. Everything Is Bigger In Texas. Including Home Prices

3.12.2009

It's True. Everything Is Bigger In Texas. Including Home Prices

I don't know if everyone out there has heard the good news about home prices in the state of Texas in 2008, but they WENT UP. You heard correctly. Figures from this Bloomberg.com article show that home prices in Texas went up 3.6% in 2008, good for the 2nd highest increase in the country!

But, so typical of the news and the attitudes today, this article has a very negative tone. Phrases like "house prices dropped in 70% of U.S. states in 2008", "The U.S. economy is 'deteriorating rapidly' after 2.6 million job losses", and "U.S. home prices have dropped 18.5 percent from their peak in July 2006 and are now at May 2004 levels" do nothing to instill confidence in the American people and make the situation worse. But, Texas is a different story. This is just one more reason why Texans should pay attention to Texas-related news as well as national news. Texas had JOB GROWTH and INCREASED HOME PRICES in 2008. That is great news. Let's tell our friends and keep Texas going strong.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

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The Purpose of This Blog

Have you ever wondered why the news media focus on the bad news? Why do they focus on the negative when so much positive is happening in the world? David Blanchard wrote on industryweek.com "Bad news is more likely to attract a casual reader’s eye than good news. It’s a secret journalists have known for years." Do you agree? We certainly do. That really helps explain the focus on bad news.

Peter McWilliams commented to the same effect when he said “The news media are, for the most part, the bringers of bad news... and it's not entirely the media's fault, bad news gets higher ratings and sells more papers than good news.”

Because we agree with Malcolm X when he said "the media's the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that's power. Because they control the minds of the masses," we have created this blog. Here you can read what is really going on in the DFW housing market, not just the negative news that is printed to make a buck. Happy Reading!

Media Quotes

“Media: 99.99% of what happens is not on the news” - Loesje (international free speech organization)

“All of us who professionally use the mass media are the shapers of society. We can vulgarize that society. We can brutalize it. Or we can help lift it onto a higher level” - William Bernbach (American advertising legend)

“All media exist to invest our lives with artificial perceptions and arbitrary values” - Marshall McLuhan (Canadian philosopher and scholar)

"Bad news sells best. Cause good news is no news" - Charles Tatum in 1951s Ace in the Hole

"The media tends to report rumors, speculations, and projections as facts... How does the media do this? By quoting some 'expert'... you can always find some expert who will say something hopelessly hopeless about anything” - Peter McWilliams (best-selling author)