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August 2011

Found 1 blog entry for August 2011.

Over the last 45 days the real estate market has become eerily quiet, some of it has to do with kids going back to school and families getting the most out of their vacations. But make no mistake we have a lot of buyers that have been sidelined do the inability of congress to make decisions on the debt ceiling, unemployment over 9%, the falling stock market and Ben Bernanke's speech that failed to come up with a stimulus plan.

 Consumer confidence is at the lowest level since the financial crisis in November of 2008 and the 4th lowest level since they began this index in 1978, see the graph below from the University of Michigans Consumer Sentimnent index. There is currently no confidence in the econony, the leadership and especially the Real

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