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Economy Analysis

The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The U.S. economy will weaken further and unemployment will rise. That is the latest outlook from forecasters in a survey to be released Monday by the National Association for Business Economics, also known by its acronym NABE. It will take time for any rays of light to poke through the economic clouds, though. A growing number of economists believe the U.S. is on the brink of a recession or in one already, dragged down by all the problems in the housing, credit and financial markets. Now 56 percent of the economists think the economy has started or will enter a recession this year. That's up from 45 percent in a survey in February. If there is a recession, it probably will be short and shallow, economists said.

Exit Realty Premier Properties
8918 W. Lantana Rd, Suite 2
Lake Worth, FL 33467
(561)967-3948
http://www.exitrealtypalmbeach.com/

Posted by Exit Realty Premier Properties on 05/23/2008 01:47 PM

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1 Comments on Economy Analysis

I understand things in Florida are tough right now! I can tell you that here in Bend and Central Oregon, that the real estate market is painful. Thank goodness that we too are an EXIT office, and unlike many other franchises, are not requied to pay an additional 5%-6% to the big boys in commision fees! No desk fees and....thank goodness I have sponsored some agents who are producing as well!

05/23/2008 01:59 PM

by Jim Mazziotti @ EXIT Realty Bend Oregon

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