In the past few months we have heard nothing but bad news from the radio and new channels. We tend to wonder:
“When will this get better?”
We are facing a national recession and a global recession with no signs of recovery. We are faced with the greatest housing depression ever and are now about to break records for unemployment. Can it get worst?
Many believe that the small jump we recently experienced in home sales of 6% is an indication that the market had hit rock bottom and recovery is well underway. Unfortunately, that is not the case, the home market is directly linked to the employment rate coupled with the accessibility of credit. As long as the credit markets remain frozen and the unemployment rate keeps rising, the tragedy will continue. There has however been great indications that the stock market is near bottom and that consumer confidence might be near that bottom as well.
So where will go now…
