Cincinnati Real Estate, The Glass is Half Full!
Posted on | February 2, 2008 | No Comments
Cincinnati Real Estate, The Glass is Half Full!
by Matt Clark, Cincinnati Realtor
Cincinnati Real Estate
According to Temple University’s professor of economics William Dunkelberg:
- 96% of all mortgages nationwide are being paid on time.
- 30% of American homeowners have no mortgage.
- Delinquency rates were higher in the 1980s than they are today.
- Only 2% to 3% of all mortgages are in foreclosure.
It is very easy to watch the news these days and get a “half empty” view of the real estate market. When was the last time we let the weather in California dictate what we were going to wear today in Cincinnati? That sounds ridiculous, but consumers are listening to the national real estate market and letting it influence their decisions in their local market.
” WHAT THE MARKET IS DOING NATIONALLY
IS IRRELEVANT TO YOU.The media likes to refer to a “nationwide housing slump,” but don’t be misled. Real estate isn’t national, it’s local! The only market you need to be concerned about is your local market.
Home ownership is the smartest investment you will ever make during your lifetime.”-David Bach, financial coach and 7 time Bestselling author.
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