How is the economy doing?

This is part of an email that we got today talking about the economy  and the housing market. How bad is it and where is it heading?

It’s no secret that real estate was largely the spark behind the financial crisis of 2008. Nor is it a secret that our country’s economy has yet to recover from that huge shock.

But a lot of investors continue to ignore the simple fact that our nation’s housing market is heading into the toilet AGAIN!

Want proof?

Well, we just learned that new-homes sales hit a SIX-MONTH LOW in August. To make matters worse, median new home prices fell 7.7% on a yearly basis and 8.7% from July.

It was the same basic story with existing home sales in August: Pending sales dropped 1.2% from July — the second consecutive monthly decline.

And keep in mind, this weakness is coming amid some of the lowest mortgage rates in history!

Even If You’re Not Looking to Buy or Sell a House,
This Has Major Implications for Your Finances!

If housing can’t find a bottom, it’s unlikely that the U.S. economy will either. So that alone argues for more weakness in everything from jobs to stock prices.

However, that’s just the tip of the iceberg.

Never forget that Washington is obsessed with trying to “fix” the real estate problem.

It’s why politicians are practically begging our nation’s banks to stop hoarding money ...

It’s why lawmakers continue to dream up new initiatives aimed at underwater borrowers ...

And it’s why the Federal Reserve continues doing everything in its power to force interest rates to rock-bottom levels.

But clearly nothing is working. That’s because the only real cure is a whole lot of time and a whole lot more pain along the way.

This was written  by Make Larsen at Weiss Research

More foreclosures to come. More problems with peoples and Government's finances. Are you ready? How is your business going to do?

 Written by Deanna, D&D Taking Out The Trash,LLC