Here's the current definition of where we are currently in the real estate market. Real Trends uses the best analogy and best way to describe and forecast the future of real estate."What we have here is a continuing, but slowing, upward drive on the downside--which is better than a downward thrust on the upside, or even a sideways move on a U-shaped trough. But, as the downside bottoms out, the resulting flat side of the up curve will strengthen any sideways movement still apparent in the recovery.
However, if the overshoot of incline produces a rising, but negative, slowdown in acceleration of the leading indicators, the resulting outflow could mean additional pressure from all sides of a circular demand curve."
On that note, let's discuss the in-depth details regarding the government Economic Stimulus Package.
It's a weak and mindless solution. A pointless, desperate waste.... brb...
posted by Cleveland Real Estate at
2/19/2008
3 Comments:
Ah! Means gonna stay down for a while but not how long for?
Very good question! The answer actually lies in the evidence brought forth by the recommended anti-party and others who will not likely change position along with the next group harboring growth and lacking stimulation. If either of the seven have any procuring cause in which they can base their theory, we'll definitely know when!
=)
This act, this is a bill that would eliminate tax on forgiven debt. Here is a brief explanation (from an earlier post on this blog): If a mortgage lender forgives debt as part of a short sale or foreclosure or what have you.
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