I was recently reading an article in Realty Times about the probability of a recession by this Spring.

  I tend to agree with their assessment.

  There are definitely different "pockets" of positive Real Estate values, Sales and even growth which may mean if we do go into Recession...it could be spotty. Or, as we have all experienced during the Bubble phenomenon, perception will affect reality.

 The North East is experiencing the full effects of the rise in oil prices.

 Here in New Hampshire there have already been announcements of layoffs and future downsizing. As I reluctantly shop for astronomically priced groceries I overhear the clerks complaining about drastic cuts in work hours. Oh, and we just had a notice from our Electric Utility...our rates are going up!

  It is being reported that people have no savings, are maxed out on credit and are fearful of losing their jobs. Manufacturing is down, the Service Industry is growing. Unfortunately a Service Industry need customers.

  These reports on the surface ...are dire. 

  But in Real Estate.....could this mean a bit of a Silver Lining?

  Consumer Spending is a mainstay of our Economy, so in order to attract maxed out Consumers, merchants may need to borrow some tactics from the past......no money down and no interest payments on various Consumer goods, higher interest on savings and lower interest on borrowed money. A Market that is now attractive to Buyers...may become a goldmine. Banks who are tightening the purse strings may again be looking to lend.

  Could it be???? Could Recession bring us to that ever elusive even playing field!  Or is that too simple an Economic projection?

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