Maybe we won't be singing the winter time blues much longer! What a difference a week makes. In the North Georgia area, about this time last week, we were still dealing with snow and some ice. However, this week, temps were in the upper 60s, pushing 70 in places.
What is not clear as yet, is how much of an impact the winter weather had on our local real estate market. But what is clear, is when the North Georgia Mountains are covered in snow, (2 comments)
economy: Have We Hit the Bottom?
- 07/19/08 09:28 AM
Most of us know by now that the real estate market has experienced a pullback across the country which I believe is largely due to consumer confidence. The confidence level is at a low point and so we tend to tighten the belt and cut back spending. Inflation in the United States is up 4.2% as measured by the consumer price index ending May 31, 2008. America has experienced annual inflation greater than 4.2% only four times in the past 25 years. Large purchases are put on hold and we make do with our existing cars and homes. More recently, the oil prices are (22 comments)