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

 

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Best regards,

Michael Caruso, Broker Associate ABR ABRM CLHMS CRB CRS GREEN GRI

Surterre Properties

Past President, Orange County Association of Realtors (949) 495-8600

 

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1 Comments on Look at Retail Sales to Explain a Recession...

APR
06
2008
339,755 Points 9 Featured Posts Called Shot Master
It would be nice to hear some positive news somewhere!  But, at least, take the heat off the RE Biz!
10:16pm • #1


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Michael A. Caruso ~

Laguna Niguel, CA

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Surterre Properties

Address: 33522 Niguel Road #100, Monarch Beach, CA, 92629

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