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 photo credit: Dave Dugdale
Its good to check in on the state of things form time to time. Its also good to hear that things are going smoothly so we can go about our business with few worries, however, thats not the case these days. The economic outlook and the general state of our economy, including jobs, housing, industry, and politics are not even close to where our comfort levels are. A report given by the National Bureau of Economic Research reported that the recession ended a year ago. I wonder what theyre selling.
Its hard to believe statements such as those when we, as a people, simply dont feel it. We all know, because of the reports and numbers, that unemployment is still over 9 percent nationally, home loans are scarce, at best, and the foreclosure rate is still climbing, up 4 percent in August alone. The Bureau of Labor Statistics shows the CPI (Consumer Price Index) is stable. However, Joel Naroff of Naroff Economic Advisors says that in normal times a stable CPI would be a good thing, but in a troubled economy a stable CPI is actually a cause for concern for deflation and inflation.
Its always nice to mask things to make the masses feel comfortable, but when the economy is at this level of distress, its hard to hide. As far as real estate goes, its tantamount to returning to the dating scene after being in a long term relationship. Buyers have a "fear and loathing" of returning to the housing market, as reported by Juli Neimann, of Smith Moore and Company. It just not like it use to be, we were always excited to buy a new home, it was quite the event, but thats not so much the case these days.
Read the full article from Realty Times
Posted on September 27, 2010 11:46:06 by  IPTV.Boyz
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