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.
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