Posts Tagged ‘housing’

Pernel’s Psychic 2009 Predictions Are Accurate Again

April 29, 2009

All Predictions listed at link above

* The economy is going to rebound a little, not too much and will spiral downwards yet again, do not look for a quick and easy fix as it will not happen.

Update April 29, 2009: The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted.

The drop in gross domestic product, reported by the Commerce Department on Wednesday, was much steeper than the 4.9 percent annual rate expected by economists and followed a 6.3 percent decline in the fourth quarter.

GDP, which measures total goods and services output within U.S. borders, has now dropped for three straight quarters for the first time since 1974-1975.CNBC News

* The housing market will crash even farther as the economy grows dimmer.

Update April 29, 2009:

Housing Crash News from (rss)
Wed Apr 29 2009
US house prices continue to drop in February (
US Home Prices Continued to Decline in February (
House Prices Down 31% From Peak (
House Vacancies Rise in U.S. to Record Amid Recession (
Some houses in Sacramento area now cost less than $25,000 (
Tampa Bay house prices flee to 2003 (

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