Hip Hip Hooray for Good News!

Hip Hip Hooray for Good News!

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Finally, NBC Anchor, Brian Williams has had enough of anchoring “the nightly depressing news” to the depressed public.  I’ve been thinking about it for a while now – as a matter of fact I wrote a blog about it back in August 2008 – Why Not Share Some Good News For Once.  Basically, viewers of the NBC Nightly News are sick of hearing all the bad news – constantly.  So NBC Nightly News decided to put it out there to all their viewers – “send us some good news stories.”  They have been inundated with so many stories they are going to find it hard to report all the good news.  I personally will start watching NBC Nightly News to see some of the “good news” out there in the world.  Maybe if we all start hearing some good news things will turn around again. 

Here’s some good news from C.A.R. – California Association of Realtors : The unprecedented price declines have dramatically improved affordability in the state. C.A.R.’s Housing Affordability Index for First-Time Buyers, which measures the share of all households that can afford the entry-level home, rose to 59 percent in the fourth quarter of 2008, meaning that nearly six in 10 households in California could afford the entry-level home (defined as 85 percent of the median home price) in the fourth quarter. Affordability has nearly doubled from a year earlier when the affordability index was at 33 percent and now stands at its highest level since the start of the decade. The index is based on an entry-level home price, a 10 percent downpayment, an ARM effective composite rate, and a 40 percent debt-qualifying ratio.

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