foreclosure crisis, housing market, mortgage delinquency, mortgage payments, positive thinking, real estate market

There is a silver lining in every cloud if you look for it!

When life hands you lemons, make lemonade!

There are usually two ways to look at any situation. One way is on the positive side that offers hope and potential. The other is from the negative side where there is neither. The following statistics from the housing market are a perfect example.

The bad news?

Nearly one on four people (22%) with mortgages are having trouble making the payments!

Now for the good news!

The 22% number is down from a level of 29% last year. Furthermore, the percentage of people having a “great deal of difficulty” making the payments has declined from 11% to 7% (source: Harris Polls).

While this is not where any of us wants to be, there is definite improvement that hopefully bodes well for a better business environment the rest of 2011 and beyond.

From Harris:

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“These are some of the results of The Harris Poll of 3,171 adults surveyed online between March 7 and 14, 2011 by Harris Interactive.

Some of the main findings include:

Two thirds (66%) of all adults have mortgages on their homes, slightly lower than last year’s 69%.

While most homeowners with mortgages (73%) are having little or no difficulty making their mortgage payments, the 22% who are having difficulty represent about 32 million people. And the 7% having a great deal of difficulty represent more than 11 million people…”

Keys to business success: There are many but remember that it is critical to be focused on your business, committed to your business and present every day in working to grow your business. To do any less would be cheating yourself and those around you!

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