Foreclosures: Builders Lose, Consumers Win

Just a quick post to bring this issue to your attention. I feel like half of my job is battling the largely negative news coming from almost every media outlet on a daily basis. Sure, you can speak to how foreclosures are hurting builders, like the Wall St. Journal does in this piece called Foreclosed Houses Haunt Home Builders. That’s certainly true.

Or, you could talk about how this phenomenon positively affects consumers, who now have a much greater selection, lower home prices and historically low rates.

It’s almost like the media wants our economy to continue to slide with how much they focus on the bad. If more consumers would wake up to the possibilities that exist in today’s housing market, these new transactions would only help to revive our country’s economic activity.

Ok, I’ll stop for today.