Economy is weak but will improve - poll

Discussion in 'Economy' started by JimH52, Jun 9, 2008.

  1. JimH52
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    JimH52 Gold Member

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  2. editec
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    editec Mr. Forgot-it-All

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    It is?

    I heard two million homes will be foreclosed on this year.

    That doesn't sound like a good thing to me.

    Have I been misinformed?
     
  3. JimH52
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    JimH52 Gold Member

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    I doubt it. But I see and increase is the sale of new homes and I think we will see more urban development due to the increase in gas prices. OPEC is finally looking like they are concerned about spiraling crude oil prices. We can only hope.
     
  4. editec
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    editec Mr. Forgot-it-All

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    Well, I hope you're right.

    The RE market hasn't collapsed here in Maine, but the inventory is increasing rather alarmingly.
     
  5. JimH52
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    JimH52 Gold Member

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    The RE market nationwide should begin to come back next year. There are a lot of ifs but it should happen.
     

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