April New Home Sales UP 3.3%
-Consumer Confidence at its lowest point in years at 57.2
-Oil drops $2 a barrel to below $130
-How bad do we have it- really…
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This article published on Tuesday, May 27th, 2008 at 8:53 am | Contact the editor
Topics: Economy
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AGBeat Founder, Director: I’ve dedicated the past two decades to consumerism in and out of the real estate space. I help focus corporations on consumerism, consumer needs and trends, and what consumers find valuable. I hope you enjoy AG, and that you will reach out if I can help your company or association communicate it’s value.
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The same story ran when oil crossed $30 per barrel in 2003 and dozens of times since. I just don’t remember morning television being so blatantly sympathetic to consumers…
we do not have it that bad if the media would leave us alone. It is not like no one in America is buying houses the media is simply trying to scare them in to not buying. As long as oil remains high the cost of building will remain high. I do not understand how house values can fall much more. Maybe the public is beginning to see this.