"The Recession That Never Was is Now Over" -- Briefing.com


"The Recession That Never Was is Now Over" -- Briefing.com
By Scott Rogers • May 7, 2008
Thanks to a client of mine for pointing me to this great economic commentary entitled "The Recession That Never Was is Now Over" from Briefing.com. Some interesting thoughts from the article in regards to whether we have been or are experiencing a recession . . . "Recession is a term that applies to the entire economy. Recession comes from the word "recede." It means DOWN. First quarter real GDP was UP. Continued increases in consumer spending and exports will keep GDP growth positive in the second quarter. The fiscal stimulus will see to that. There will not be a single down quarter for GDP. This is NOT A RECESSION." And touching on why everyone seems to think we're in a recession . . . "Because the housing problems touch so many people, it is easy for journalists and analysts to overemphasize housing prices, and similarly, gas prices. The obsession with these two issues blinded many to the reality of the limited mathematical implications of those issues, and to the surprisingly resilient and strong sectors in the economy." Again, be sure to read the full article here, from Briefing.com. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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