The recession has "bottomed out?" Interesting announcement from the mainstream press.
By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
I happened to catch NBC's nightly news tonight, and it was proclaimed that the recession may have bottomed out. It seems that reports from every sector seem to indicate that the downslide has slowed considerably, the results are inconclusive but promising. And while it may not be time to uncork the champagne just yet, it's refreshing to see at least a hint of optimism from the national press corps. And with higher consumer confidence, and amazingly low real estate interest rates and low property prices, there will be an onslaught of new buyers entering the market. If you combine those factors with incentives being offered by the federal, state and local governments, the uptick in sales may be unprecedented. I'm glad to know that NBC confirmed what I already knew! The phones are ringing,...
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