While existing homes sales showed further declines when compared to last years numbers, we will finally start to see year over year comparisons that are not colored by the tax credit induced sales of last year. We will start to see what our true market is and I believe it will start to show slow improvement. Is it any wonder that with things as uncertain as they are that people are holding back from buying a home or expanding their business? The earthquake in Japan, the credit crisis in Europe, and the debt ceiling debate in congress have all contributed to that fog of uncertainty. I do believe that things will start to improve by fall as that fog starts to clear. We could be in for a fantastic last quarter with the stock market going over 13,000, the economy showing signs of strenth, and employment rising. Look for a positive rise in consumer confidence to be your early indicator of this new direction.

Comments

[RiggsEMILY29]

One admits that life is not cheap, nevertheless people require cash for various things and not every person gets enough cash. Therefore to get fast home loans and just credit loan would be a correct solution.

[Try before you buy]

I agree with Scott Gibson. Consumer confidence is a huge factor in anyone buying real estate or expanding their businesses. As a consumer, It is quite uncertain of what the near future holds for the economy and what the future holds for me in terms of survival, employment, debt, and money. the natural disasters that have been happening all over the world and the local disasters such as crime, poverty, and foreclosures are play a part in the consumer's willingness to take risks and value the opportunity costs of investing their money.