Friday, February 6, 2009

Palm beach home prices and real estate must follow economic laws

Economy Shed 598,000 Jobs in January
Rate Rises to 7.6%, More Than Forecast
NYtimes

Job losses were once again spread across both manufacturing and services industries, reinforcing the picture of an economy contracting at
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As is widely reported, the economy continues its terrible downturn. Yes, palm beach homes and palm beach real estate agents continue to believe that sellers should expect to turn a hefy profit on homes they purchased duting the bubble (after 2003). After Madoff, Dow collapse, etc etc, now the jobless rate is increasing. Sellers should realize that things will not sell at those high prices

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