Sunday, December 9, 2007

Are you still hesitating to buy a home?

Is the Media's drama still scaring you? One of the areas that the media uses to support the drama of the housing market is foreclosures. Realty Tech produces foreclosure statistics (since 2005) that are often quoted by the media. As you may know, Realty Tech is a company that charges the consumer to access foreclosure listings. It would most likely benefit Realty Tech and attract more users if there are a high number of foreclosures. Foreclosures have received a tremendous amount of media coverage, particularly over the last couple of years. I wonder if the Realty Tech user numbers has increased over the last couple of years? Check out this first article found in the Orange County Register:
Tracking the Truth on Foreclosures!
(http://www.ocregister.com/money/realtytrac-foreclosure-data-1924443-count-numbers)
…and decide for your self! And after you view this article it will be apparent to you that there are not nearly as many foreclosures as originally reported. So...don't miss this great home buying opportunity because it will not wait for you!

The median price of homes here in CT has steadily increased this past year. It’s there in the numbers but often NOT referenced. Here’s an area that is finally coming out and admitting that things are not as bad as the media would have you believe. The Asbury Park Press states: “According to USA Today, there never has been a better time to buy a house. Interest rates are at an all-time low.” And then talks about house buying: “…people do it every day; we don't wait for the media to declare it safe, especially when many daily newspapers are losing readership and seek high-drama stories to keep reader attention.” Read more: Region's real estate market faring better than most. (http://www.app.com/apps/pbcs.dll/article?AID=/20071202/OPINION/712020308/1030/OPINION).


Read and realize the reality.