Jan 03 2009
Housing To Rebound Or Not?
One of the many things I watch is the housing market as it is a good indication how and which direction we maybe headed. Many people I have talked to do not see much movement in the first half of the year. In fact they say that you could see a downward trend. Where I live in Ohio we are seeing that more people are losing their jobs and plants closing so that means more foreclosures will be on the increase. Many people tell me that no real end in sight until fall 2009. I hope that is not the case, but right now it is not looking good. In retail many friends have lost their jobs or their hours have been cut from 40-50 down to 8-12. How can anyone survive on that.
Unless some drastic happens in the housing market I cannot see it getting any better until late summer or fall. I hope I am wrong, but I guess we will see. Maybe Obama has a plan to get things moving in the right direction. I know many of us would love to see that happen. I guess only time will tell though if that will actually happen.
