The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the February 2011 edition of the Obama Administration’s Housing Scorecard. The latest housing figures show increased existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled.
Come on HUD, lift your chin up! Finish your thoughts on a positive note! Why drag us down to your weepy existence? I prefer to focus on the positive while keeping an eye on the negative. You do have to be aware of the negatives, we cannot ignore the fact that the housing market is still fragile, but also, I believe that the key notion of the article was that sales are up and affordability is at an all time high. Why lose focus on that concept?
Couldn’t the story have gone like this? “The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the February 2011 edition of the Obama Administration’s Housing Scorecard. And despite the fragility of the market due to unsettled prices, The latest housing figures show increased existing home sales as home affordability remains high.”
The market in my town is steaming forward, it might not be as steaming as other markets, but it is outpacing the nation as a whole. So, to Denver and its surrounding suburbs any news about increases is good news! Am I right, folks? So, why does the government always end its statements with bad news?
If President Obama wants to take credit for the increase in sales due to his latest round of stimulus, or cutbacks or whatever, let him have it. If it can finally lift up the chins and put even a crooked smile on the Department of Housing or HUD’s sour pusses, I’m all for handing him credit. But, we all know what really is going on here. And that is, smart people are finally realizing that buying real estate, either for investment purposes or for a lovely place to live, is an incredibly good idea at this point in time! AND that opportunities like these do not last long!
Go here to learn more about the real estate market in Colorado.