The media just love to report on how bad things are. It seems that no matter how much good news there is, most news reports focus on the one bit of negative information.

Mike Moran, chief economist for Wall Street’s Daiwa Securities America, Inc., says the constant negative headlines and TV news warnings are “way out of line with reality” and “just pure sensationalism.” In other words, the sky is not falling on the real estate and mortgage sectors.

Read Moran’s other remarks in Kenneth R. Harney’s article for Realty Times, Economists Beginning to Challenge Media’s Negative Drumbeat on Housing.

Jackie