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| runner140 | Consumer cutbacks ???? | ||
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Master Guru
 
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This morning:
Gold is down $14.00 Silver is down .49 Crude oil is down $2.50 Euro/dollar is down .00927 Gas and natural gas is also down. Can this start a trend? The Fed meets today and tomorrow. The GNP numbers also out in the next few days. Last but not least, the "index of home prices". |
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Posted on: 2008/4/29 13:55
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96, white and a ton of miles. Somewhat stock. |
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| TommyT-Bone | Re: Consumer cutbacks ???? | ||
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Chair-man of the bored
 
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How about the foreclosure rate and employment figures?
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Posted on: 2008/4/29 14:38
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| runner140 | Re: Consumer cutbacks ???? | ||
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Master Guru
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Quote:
Lets see....46 out of 50 states have foreclosure activity & 92% of all mortgages are being paid on time. The employment figures comes out this Friday. |
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Posted on: 2008/4/29 16:12
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96, white and a ton of miles. Somewhat stock. |
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| TommyT-Bone | Re: Consumer cutbacks ???? | ||
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Chair-man of the bored
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I would have thought the foreclosure figure to be much higher. Not near as bad as I thought.Do you feel we are into the turn runner? Things can't stay down (or up) forever.I still feel gas prices have to come down for the economy to get a good kick start.
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Posted on: 2008/4/29 17:51
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| runner140 | Re: Consumer cutbacks ???? | ||
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Master Guru
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Quote:
The old saying is true here...."all real estate is local" which means some markets are better than others and some are worse. Miami, Boca Raton, Las Vegas and parts of L.A. are the worst and will come back last. We probably have another 10% down from here and six months. The stimulus package ($600./1200. per person/couple) should have an immediate effect on the economy and we can look for a step two....probably a temporary hold on summer gas taxes. Gas prices are up because of the disruption premium.(Iraq, Iran, Nigeria, South America "Vens." are just a few of many producers. When and if stability returns to the world oil producers, the disruption premium will go away. |
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Posted on: 2008/4/29 19:09
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96, white and a ton of miles. Somewhat stock. |
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| CentralCoaster | Re: Consumer cutbacks ???? | ||
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Senior Guru
 
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April 2008...
San Diego foreclosure rate: 1 in 74 homes National foreclosure rate: 1 in 194 homes In some zip codes here the foreclosure rates are 10-15%. |
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Posted on: 2008/4/29 19:37
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| Matatk | Re: Consumer cutbacks ???? | ||
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Foreclosure rates in Michigan are horrible. I have a rental house there (house I own that I used to live in) and it has depreciated at least 15% in the last 4 years just because the market is crap. Oh well. I'll try to ride it out.
Matthew |
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Posted on: 2008/4/29 22:31
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| CentralCoaster | Re: Consumer cutbacks ???? | ||
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Senior Guru
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OOH BOY!!!
Real estate depreciation: FEB 2007 - FEB 2008 Las Vegas, -22.8% Miami, -21.7% Phoenix, -20.8% Los Angeles, -19.4% San Diego, -19.2% all metro areas, -12.7% |
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Posted on: 2008/4/29 22:48
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