Sometimes the White House Has to Know When to Be Quiet
Today the Orange County Register reported that the White House reports cite "continued fragility" in housing. No kidding really. We are just starting to see some positive numbers and buyers are beginning to come out to purchase their dream home and the White House publishes this report.
They produce what they call a Housing Scorecard. The continuing phrase in these reports is the market is fragil.
When buyers as skittish and worried that if they buy a home and get into it they might wait and get one after the market hits bottom. Add a report that is spouting a fragile market and it begins to sound like it might crash, or at least go further down.
In the body of the report they state what we are seeing. Fewer foreclosures and more buyers in the market purchasing homes. Even the delinquencies mortgages are down for the month. All very positive signs. Prices have not firmed up yet but they could in the near future. Negative news frightens the skittish public. So please don't put out the negatives White House.
Comments(10)