There are plenty of people who will tell you that we are in a recession and several more who will tell you we are headed for some kind of new depression. They may ultimately be proven correct, but so far the economic statistics haven’t cooperated. Most of these people will also tell you that the housing market is the key to stablizing the economy. If real estate stabilizes, the mortgages on the books of all those banks that are in trouble will also stabilize and only then can the system start to heal. I’m not sure that is all it will take to stabilize the banking system, but it sure wouldn’t hurt. Taking a look at this map showing the four quarter change in real estate prices (from OFHEO) gives one some hope that the process is already well under way:
What this shows is that over the trailing four quarters, house prices have risen in 30 of the 50 states. California, Nevada and Florida are going through a real estate bust. The rest of the country? Not so much…
House prices may continue to decline and the economy may fall into a deep recession/depression. Anything is possible. But so far, I don’t see it.
This is cross posted at our new site (Don't forget to bookmark the new site):
AI Report
7 comments:
Take a look at Russia. It's no good too. global financial crisis in Russia
Earning money has online never been this easy and transparent. You would find great tips on how to make that dream amount every month. So go ahead and click here for more details and open floodgates to your online income. All the best.
Thanks.
Earning money has online never been this easy and transparent. You would find great tips on how to make that dream amount every month. So go ahead and click here for more details and open floodgates to your online income. All the best.
Thanks.
Easy Earning money in online never been this easy and transparent. You would find great tips on how to make that dream amount every Day.Sitting in the home earn around $100 perday. So go ahead and click here for more details and open floodgates to your online income. All the best.
Thanks.
I read your post . it was amazing.Your thought process is wonderful.
The way you tell about things is awesome. They are inspiring and helpful.Thanks for sharing your information and stories.
Commodity Tips
Saying that the market is stabilizing is quite hard to say especially these days when the market is really fluctuating up and down the statistics.new york real estate ce
Thank you for the info.
Post a Comment