Well it's been 7 months of watching real estate values and Wall Street confessions that everyone predicts will push the economy into a recession...

How about reading into retail sales as an indicator?

The March figures aren't in yet, but retail sales fell dramatically in February, indicating that declines in payrolls and home values combined with increases in fuel prices are all taking their toll on the consumer.

The consumer has stopped spending.  And it is no wonder.  Sales at the Big 3 auto makers are down.  Jobless claims are up.

It is time for people to look at other indicators besides real estate to get a sense of what is going on with the economy.

Thanks for making me Your Orange County Real Estate Connection.

Best regards, Michael Caruso