My Coach sent me these statistics today. I wanted to share them with you my friends and clients. This is an interesting fact about how we really stand with foreclosures. The Media hype is just making it sound like we are in the dumps. Don't get caught in that mess. Read on...
30% of all homes in America have no mortgage; that means they are owned outright.
20% of all homes in America are owned by investors and are currently rented.
50% of all homes in America have a mortgage.
.05% of all the homes that have a mortgage are in foreclosure.
Those are the facts. If you watch CNN, you would think it was 1 out of every 2 homes being repossessed, when the fact is only 1 out of every 400 is in foreclosure and 75% are in California, Arizona, Nevada and Texas.
Just the facts please!
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