Every House on the Real Estate Market is Not in Foreclosure

Too many of us are being sucked in by all of the negative news coming from every direction. But we arenīt taking the time to step back and look at things from a more balanced perspective.

A steady stream of negative news stories about the real estate industry might have you particularly concerned if you have been hoping to start a home staging business.

For example, you might have heard that the only houses on the real estate market right now are in foreclosure, but thatīs not the case. Of course itīs true that some homeowners are indeed losing their homes, but others need to move for all the usual reasons: marriage, divorce, growing family, job transfer, downsizing and retirement.

Furthermore, the governments in both the U.S. and Canada are taking unprecedented action to slow the foreclosure rate and stabilize the market.

The National Association of RealtorsŪ (NAR) recently hailed the U.S. government for passing its stimulus bill that "expands the home buyer tax credit, an important housing component that will help shrink housing inventory, bring stability to home values and move the country closer to an economic recovery."

NAR president Charles McMillan believes that many of the actions called for in the governmentīs economic recovery plan should ultimately result in lower mortgage rates and fewer foreclosures. The same can be said for Canadaīs Economic Action Plan.

A splashy headline touting that most homes on the market are in foreclosure makes for a great news story, but it's certainly not the whole story.