Yes there are still a good number of foreclosures happening but the housing market is showing a lot of improvement but some still want you to freak you out and spread fear of weakness in the economy.
The media, bankruptcy attorneys and those who desperately trying to buy as many foreclosure properties as they can right now profit from homeowners panicking, real estate investors staying out of the market and attracting more readers.
In fact these individuals and organizations pay big bucks for extremely talented copywriters to weave the data to make the numbers look scarier and to craft press releases, articles and blogs that grab the attention.
Yes, the economy still needs a lot of work and there is still a lot of foreclosures and distressed property inventory hiding out there and to come but we need to work through these foreclosures and every one renovated and flipped means bringing us one step closer fixing the economy and ushering us into a new booming period real estate growth.
This is an incredible time to buy a home or to invest in real estate. Others may not want you treading on their profits but there is enough wealth to go around. Some may profit from having us believe that this is the end of the U.S. and our economy as we have known it but a study of real estate cycles will show that all of the factors we are experiencing right now are just a normal part of the rounds.
If you are facing foreclosure, yes you should really be worried about losing your home and cannot afford to be complacent. The market may not rebound in time for you to sell your home in a conventional sale so seek unbiased advice and expert help. Carefully weigh all of your options before selecting a strategy for stopping or avoiding the worst consequences of foreclosure but do take action quickly.
