It is always interesting to me how the media works.  I guess it is just easier to say that they print whatever sells the most papers.  The same real estate reporters that predicted doom and gloom from 2002 up until the actual crash are now publishing positive real estate articles.  Last week was an article about two separate studies that predict the Orange County home prices will in­crease (yes increase) by 9% to 16% in 2010.  Today there is an article in the business section of the Register reporting that the amount of households that owe more then they are worth went from 20% in the second quarter of this year to 14% in the third quarter.  They are also reporting that with the extension of the homebuyers tax credit and the continued low interest rates, we could see a bump in demand that could help offset the predicted increase in foreclosure activity. 

How Does This Affect Us As Agents?

    This is good news for the real estate industry no matter how you look at it.  People are respond­ing to low prices, low interest rates, and the tax credit and moving out into the market.  As we all know there is a serious lack of inventory and loans are not easy to get through but with activ­ity up and inventory down it is a good sign.  Get the word out and keep talking about it.