Real Reasons for Economic Declines

US existing home sales drop 1.2 pct, prices in record slump

The decline was worse than economists' consensus forecast of a drop to 5.00 million units, and followed an 8.0 percent plunge in home sales in September.

//snipurl.com/1ucbk



Report: Foreclosures to hit metro areas

Prepared by forecasting and consulting firm Global Insight, the report said weak residential investment, lower spending and income in the construction industry and curtailed consumer spending because of falling home values will combine to hold back the nation's economic activity.

//news.yahoo.com/s/ap/20071127/ap_on_re_us/mayors_foreclosures



Real Reasons for Economic Declines

The recent consumer confidence figures tell us the real estate collapse, the lack of real estate equity cash out, the results of free trade, globalization, offshoring and outsourcing and the credit crisis are all simultaneously taking their toll. Next comes the stock market collapse.

//www.theinternationalforecaster.com/item.php?topicId=2&articleid=214


From Information Clearing House



//freepage.twoday.net/search?q=foreclosure
//freepage.twoday.net/search?q=stock+market

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