Is your glass half empty or full?
I came across this video on cnbc and thought I would share.
http://www.cnbc.com/id/15840232?video=671479469
It’s called home value psychology and says only 16% of the people surveyed thought the economy was good and 17% think their home values will decrease. They say declines in home prices go hand in hand with negative views. I say the glass is half full.
I also think the media has a big part in the negative views of consumers. If they would stop trying to boost there ratings by telling us how bad things are I honestly think the real estate market would self correct on it’s own. They love reporting on the worst markets and making it sound like the whole nation is doing that bad when we are not. They don’t give us Las Vegas, NV weather reports on the local news so why do they give us other real estate markets statistics?
Filed under: Market Statistics on March 5th, 2008
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