Letters to the Editor

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HOUSING: Why not give the good news?

Letter by Suzanne Mihal, University Place on June 30, 2010 at 2:18 pm with 1 Comment »
July 1, 2010 9:15 am

Within the last week, mortgage interest rates have dropped to the lowest point in U.S. history – 4.69 percent, according to the Washington Post. Home values are now what they were in 2003. This is fantastic news for anyone who has ever wanted to own a home, or sell and buy up, but for some strange reason this isn’t very newsworthy.

The public is fed a nonstop stream of bad news every day: the slumping economy (could be helped by more home sales), the Gulf oil spill, more war casualties. While this is all true, why can’t there be a ray of light on the really good news?

When the market was going downward the past few years, that surely made headlines, big bold headlines. Those headlines only fueled the fear and possibly made the situation worse. Please share with your readers the good news, because saving money and homeownerhip is always good news.

Leave a comment Comments → 1
  1. That’s great news! 4.69% eh? Wow, if I could only find a job, recoup my 401k losses, and restore my credit rating after losing my home and auto to foreclosure, then get off the streets and get a phone.., Then I’ll be all set to get one of those loans.

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