In a speech in Charlotte, North Carolina, on Thursday night, Ben Bernanke, the chairman of the Fed, acknowledged that "the combination of higher gas prices, the weak housing market, tighter credit conditions, and declines in stock prices seems likely to create some headwinds for the consumer in the months ahead."
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Consumers are cutting back...first reason is gas prices! I read an article that Holiday Spending This Year is decreasing due to increased winter heating costs and gas prices! Also the media broadcasting any negative information is certainly not going to help matters and we know they promote anything and everything! Well as for the election changing things...well I want you to know that I also read another article on the real estate market being compared to the great depression..wow i was shocked when I read it ..well we all are hanging in there! This Election should be one of the most important elections we have faced so far in my opinion and I think everyone in the USA should be voting come election time!! We need a big change America!
Thanks For The Post and Just Some Thoughts! - Take Care John !
Tom Davis Delaware Real Estate Agent - DE Home For Sale Realty - Bear, DE Formerly with Exit First Choice Realty which changed names to First Choice Realty in October 2007. Consumers Looking For Homes May wish to visit Realtor Tom's Website at: www.TomSellsDover.com For Lots of fun home buying and selling tips - current average mortgage rates and much much more...see ya there!
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