May29 Written by:mikewest
5/29/2008 2:05 PM
I was showing property this past weekend and my client expressed concern that “I really like this home, but man I’m worried about recession and gas…Oh MAN gas…they’re saying that we’re looking at seven dollars a gallon by the summer and then ten!” There wasn’t much I could say…except “I know that recession is technically two quarters of no growth or negative growth and so far we haven’t had that.” My client had a valid point, but 7 dollars for gas is crazy…Is it possible for it to become this extreme of a situation? Personally I don’t think so, for the fact that it would break the economy not here in the United States, but also in Britain. But, how are high fuel prices affecting REALTORS® and the Real Estate Marketplace? Is it causing REALTORS® to prospect less and work more from home? Are buyers and homeowners worried about making mortgage payments due to the price of gas? What are your thoughts on this?
http://www.rmi.org/
http://www.cnbc.com/id/24861881
(Next week I’ll be C.A.R. ‘California Association of REALTORS®’ in Sacramento and I should have some good news to talk about!) check out:
www.therealestatefrontlines.com
Copyright ©2008 Mike West
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