REIA Woes Or Steady As She Goes ?
In a recent blog by Floyd Norris, chief financial correspondent of the New York Times and International Herald Tribune, he listed the 4th quarter market declines in housing prices and then stated; "It is also the worst quarter these indexes have seen for 17 of the 20 markets." Not to beat a dead horse but there are quite a few negatives in the news such as the money being spent in IRAQ, the declining dollar vs. other currencies, consumer confidence numbers, inflation fears and a continuation of the billions of dollars in losses due to the mortgage melt down. Oh, and did I mention oil at an all time high with worries of inflation as icing on the cake? ...
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