The Buyer's Market Times: This Just In: Fewer Dallas-Area Buyers Are Underwater On Their Mortgages!

5.10.2010

This Just In: Fewer Dallas-Area Buyers Are Underwater On Their Mortgages!

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The Dallas Morning News reported some positive news about the DFW housing market today. A recent report shows that the number of Dallas-area homeowners who are upside down on their mortgage has decreased from 30% in mid-2009 to under 15% currently. That's a 50% reduction, folks! What wonderful news!

The article also mentions the fact that North Texas median home sales prices have risen about 5% in 2010. The market is clearly beginning to change - things are improving. Now is unequivocally the time to buy, while prices are low. We are seeing positive signs both locally and nationally and before we know it, home prices will be on the rise (if they aren't already!)

Read the article here

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)