The Buyer's Market Times: Reason #543,545,765,231 it is Great to Live in DFW: Low Shadow Inventory Supply

11.24.2010

Reason #543,545,765,231 it is Great to Live in DFW: Low Shadow Inventory Supply

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The Dallas Morning News reported some more positive news about the DFW housing market today. A recent study shows that among major US cities, the DFW area has one of the lowest "shadow" inventories of unsold homes. Shadow inventory homes have been foreclosed on or are in the process of being foreclosed on but are not currently listed for sale.

The CoreLogic study found that while the average shadow inventory among the 50 largest US cities is almost 16 months, DFW's inventory is currently 6.7 months and Texas' statewide shadow inventory is 5.5 months. What wonderful news! Yet another reason we are glad to be in Texas!

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)