Excerpt from: Ski Resort Newsroom
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| June 30, 2009 | | Economy caught in a vicious cycle |
Last week, the numbers showing that new home sales decreased in May came out. This has been followed up by some less than desirable housing market data. On top of that unemployment continues to inch toward 10%. These issues are weighing on consumer confidence. Today's reading showed the consumer confidence index sitting below 50, which shows that consumers are still concerned about the economy.
This represents a bit of a vicious cycle for the recession. Consumers need to have the confidence to start spending money again, but they won't have the confidence until unemployment starts to improve and the housing market picks up. But unemployment can't improve until consumers start spending and creating a need for jobs. Likewise, the housing market won't pick up until consumers feel good about buying a home.
If you are looking to buy ski resort real estate, now is a good time to do it. With the housing market struggling, prices are lower and it is possible to find some good deals.
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