The Warning Flags Are Everywhere
"The above recklessness has put the US economy in a precarious situation. Interest-rates are now rising all over the world and after a multi-month pause, I expect interest-rates to continue their upward trend. So far, the Federal Reserve has raised rates 17-times to 5.25% and the impact is already being felt on American real-estate. I'm afraid, the property industry in the US is falling into a serious recession. In June, new home sales fell to 1.49 million units, the lowest since November 2004 and down 18.1% from the record-high of 1.81 million units during January 2006. Furthermore, the supply of US-homes for sale has recently jumped to a multi-decade high. In summary, rising-interest rates are starting to bite into the real-estate boom and trouble may be on the horizon."
Click HERE for the FULL Story
posted by G @ 9:35 AM
0 Comments:
Post a Comment
<< Home