Well 2009 is finally here, good by and good ridence to 2008. I think this financial black hole we are in will be longer and deeper than anyone imagined.
A very little part of my business is new home sales at this time. If it wasn't for refi and REO business things would be very slow.
The Fed finally cut rates down for quarter for percent that means the next highest percent cut the government will pay you to take their money.
With the credit crisis, what it is the demand for houses is as strong as ever having the ability to obtain credit to purchase the home has almost dried up new home sales. Until the credit crisis has been solved new homes, new cars, new anything sales will be flat.
President-Elect Obama's plan to spend money on infrastructure is a positive move in my opinion. When Pres. Roosevelt built roads and dams in the 1930s he get the economy moving again. Those roads and dams that was built in the 30s need to be repaired or replaced and should provide numerous job opportunities for the economy as a whole. I wish everyone the best of the the new year, health and happiness to all.