Positive News For Chicago Area!

Positive News for Chicago Area

Fewer Homes Underwater! For those of you not privy to our real estate terms, this means that fewer home owners now owe more, than the home that they own is worth.
For the Third Quarter of 2010, the number and percent of homeowners in the Chicago area who owe more on their mortgages than their homes are worth fell. This was the third straight decline, according to a report from CoreLogic. However, the report may be due to homes going into foreclosure rather than price gains but we see this as positive news regardless.
The the third quarter 22.3 percent of home in the Chicago area or 324,741 homes were underwater which was down from 22.7 percent.
What does this mean for the big picture? It may not signal any real breaking news that will catapult the real estate market or build much optimism to help us rebound from 2000 prices but we'll take it! Simply put, any news like this is better than the alternative and we need to keep our heads up and realize that despite tough times, the sky is not falling and things will improve.
I read in a book written from Dale Carnegie last night this quote from Marcus Aurelius...."The happiness of your life, depends upon the quality of your thoughts."
I love this quote and it can be summarized that if you think happy thoughts, you are more inclined to be happy. If you think negative thoughts or fearful thoughts, you most likely are living your life patterning those thoughts.
Keep this in mind as you look towards a great 2011 and success and happiness for the year ahead