America Fears of Recession Led by Media Hype

America Fears of Recession Led by Media Hype

As I turn on the television, check my email, or listen to the radio all I hear are the echo's of the media warning the end is near, "We're headed for a recession". Yes the housing market is in a bit of a pickle and the market is flooded with inventory, and foreclosures are on the rise. The message has been broadcast loud and clear. We get the picture the media does not have to continue to report day after day and hour by hour on the same story. This notion has been branded into the minds of the consumer.

Therefore, leading Americans to the mind set that the economy is in a recession. The laws of attraction have prevailed you attract what you believe.

The media should try reporting on the people who are capable of owning a home now and have an improved credit score allowing favorable financing that they would not have been capable of obtaining otherwise. The housing market slump would be over a lot sooner if consumers were not reminded of it everyday. Yes, we will have more foreclosures that simply allows someone else a better buying opportunity at a discounted price.  Ben Bernanke "warns that there will be more foreclosures and rate cuts to follow." After The Mortgage Bankers Association came out with new house number of .83 percent increase of mortgages that fell October-December, according to the Associated Press. Every week or every other week it seems new numbers and new fears, leave Americans wondering when will we hit the bottom?

Once we do hit the bottom and prices are rebounding and buyers are stepping in, Real Estate will boom. It will be too late to buy at the low prices of slump because sellers are watching the news as well and they will demand more for their property. Also each market is different large cities will have more foreclosures and other cities are in a small housing market correction. Check with you local real estate agent and get a local expert opinion. In my area lake Hartwell, we are getting more buyer calls from smart buyers wanting to scoop up some great deals on lake property before the market bounce. That's the next story of the media the Real Estate Bounce.

Take advice from the experts Donald Trump© or Warren Buffet© billionaire investors buy low and sell high. From more information visit my website http://golakehartwell.com/ and http://hartwelllakeforsale.com/ for Lake Hartwell real estate property market up dates and watches.