Worldwide Stock Markets Plunge due to Bush’s “Stimulus Plan”
Not only are we skeptical of the government’s ability to stop our country from moving into a recession, but so is the rest of the world. Foriegn market stock indecies fell sharply today as a result of skeptism from foreign markets that President Bush’s stimulus is too little too late! This plan calls for a tax cut of approximately $145 billion dollars with the thought that this would promote spending and keep the economy going strong.
Click here for the full story from Yahoo! Finance…
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8 Tips for Selling Your Home
There are several tips for selling your home fast in a declining real estate market as outlined throughout TheDecliningMarket.com, however here is what MSN Money offers as advice:
- Hire a top-notch sales agent
- Price it right
- Create an adjustable sales plan
- Clear the clutter
- Offer incentives
- Don’t get distracted with “cash for homes” offers
- Ask for help from your company
- Rent it while it is on the market
Click here for full story from MSN Money…
Recession Looming for California and Florida due to a Declining Real Estate Market
Though the “R” word has been on the tip of everyone’s tounge for the nation, today MSN posted an article stating that both California and Florida (two of our largest US economies) are pratically in a recession. The primary factory is contributed to the continuing declines in both the number of home sales and sale prices:
“Existing home sales fell 36 per cent in California and 30 per cent in Florida in the year to November 2007, against a national decline of 20 per cent. Median sale prices fell 12 per cent in California and 10 per cent in Florida, against only 3 per cent nationwide.