oceancityrealtor's Blog

We have been continuously battered from all sides with doom and gloom recently. So, as a firm "glass 1/2 full" kinda' guy, here is some real POSITIVE RECENT news:

Corporate Cash Flows are at the strongest in 25 years!

Interest Rates are LOW (below the 7.1% 8 year average)

US Home prices are down to 5.7 times per capita income (the historical norm), which is down from the 7.3 times of  Oct. 2005!!

What took Japan over 10 years to implement, in fixing their financial problems, has taken us only 90 days.

Money from overseas is flowing into US Treasuries because we ARE the engine of the world.

Existing home sales are up...highest in a year (up 5.5% in Sept. from August)

New Home Sales Up 2.7%

Inventory of unsold homes fell (good for sellers) 7.3% - Largest monthly drop in 4 years)

Libor Rates are dropping (affect mortgage rates)

FHA Applications are up 160% over 2007!

Oil Prices are dropping!!! $64 Dollars a barrel, down from $145 a barrel in July...that is $10 to $20 real dollars less to fill-up than two months ago!!!

Every  1 cent reduction in gas prices saves Americans $3.4 million dollars a day! So, prices dropping $1.33/gallon saves us $447 million a day.

The dollar is STRONG again!!

Now, stop with the negative talk, and start doing positive things, even if it means DON'T turn on the news, or talk radio and definately don't pay attention to political ads or wrangling.

Oh, and cheer on the Terps Thursday...maybe all the positive thinking will get 'em a win in Blacksburg!                                           
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