Homes humping the economy down?

The title may sound a bit crass but given the fact that this is the sixth straight month that the sales data for homes has fallen flat, one cannot help to think but exactly that. The homes data just seems to be heading in one direction and that is the basement level. This is the sixth straight month where the sales of new homes has fallen low and analysts are predicting that this is bound to get even worse.
With unemployment increasing day by day and with the consumer confidence at an all time low, people are just not interested in dumping all of their life savings on an asset that may well be devalued in a few months time.

But then again, there is the other side of the coin; the prices of new homes are at an all time low. The days of when you thought that the mansion next door must be well above your price range are long gone. These days, one never knows what one can get within ones price range, who knows, it may even turn out to be a mansion in Bel-air. With such low prices one would have thought that the Realtors would have to be beating off the crowd with a huge stick. But the sad reality is that even such low rates are not enough to jump start a customer’s enthusiasm these days.

Even with rates of new homes slipping by as much as 4% the crowd just does not seem to be knocking at the front door. What is a disturbing tendency in all of this is the fact that there are over 4 million homes unsold and with the current rates of home sales, we may well have to wait for nearly 10 months to clear up the deck.
Naturally when things are bleak, we are always told to look for the silver lining. So far the only one that I can find is the fact that I could afford that mansion at Bel-air, if I wanted to, but then again that would mean locking up my funds in an already cash strapped market. That is the quandary that every consumer finds himself or herself in at the moment!

Best time to buy houses?

With the housing market seeing a really dismal season, things may turn out to be the best time to buy houses. With not many people coming forward to purchase any new homes this may be the best time to buy houses as both the developers and builders alike are getting desperate.

You can start off by quoting the lowest price you can think of and given the current situation, that may just be enough to clinch the deal for your dream house. With the current scenario, this may just be the trick for you to get that dream house of yours for a throwaway price.

Wall street turns bleary eyes on to info for next week!

With all the battering that the Wall street had taken over the last few days, it has turned its bleary eyes on to the information like the earnings data,retail sales and the inflation data to get an inkling as to where the markets are headed. But the thing about asking for information is that it may well confirm that recession is already here.
Either way, it is going to be one roller coaster ride and there are not that many takers for the idea of the marker shaking of the 'Bear grip' that it seems to be currently under. With more and more banks coming out with fresh news as to their exposure to the Mortgage crisis, the last thing that the Wall street may need is to know that the companies are cash strapped.
Sometimes, ignorance is a bliss and that may well be the case for the Wall street this week. With indicators already pointing to the red, the ride, it seems, will be heading right to the sub levels of the financial markets.

America spends more!

The U.S stocks went up as a result of buoyed consumer spending.the consumers were spending more and more and as a result of that the Retails reported good profits.and as a result of the retail reports,the U.S stocks got quite a boost and saw the stocks react quite well to the news that Americans were spending more and more.in spite of the pressure on the U.S dollar against the Euro and the Yen,the American economy seems to be recovering quite well.this may also well account for the high price ranges for the Dollar-Yen trades trading around 122 to 123.
And the weakness that is perceived in the U.S economy still persists but it is the very fact of over spending by the U.S retail consumers that seems to have given the U.S economy a breather of sorts.of course the critics are calling it the 'calm before the storm' but i would much rather go by the saying 'do not look a gift horse in the mouth'.but the overwhelming opinion is that the current mood of optimism may not stay around for long especially with the housing market in the slumps and the economy burping along.so lets take a wait and see attitude as regards the U.S economy but if the consumers were to continue their spending spree well,the future for the U.S economy may well be bright!

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