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U.S. entered recession December 2007, panel says

By
Real Estate Broker/Owner with Lazarus Realty

Finally they see the light!

Accordingto this Reuters News Article the recession begain in December of 2007. This would make my declaration of the Official Beginning of the Recession about a month off. 

Why rely on these numbers crunchers to inform you a year after the fact?

 

 

Lazarus - Real Estate Broker and Financial Prognosticator Extraordinaire

Bill Brannon
Beach Bum Productions - Hilton Head Island, SC

There is a real brain trust.  No doubt these folks will be part of the Obama White House.

Dec 01, 2008 06:14 AM
Mike Klijanowicz
Cummings & Co. Realtors - Perry Hall, MD
Associate Broker @ Cummings & Co. Realtors

It is the same with the real estate market.  Things are already leveling out in my market, but they won't tell consumers this until later in June.  NOW IS THE TIME TO BUY!!!!

Dec 01, 2008 06:50 AM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

so we entered it last year, and someone is just figuring that out....I remember the day, I could feel the market hit the wall...all they had to do is ask.. :)

Dec 01, 2008 02:10 PM