Lower New Home Sales Not Unexpected

The low numbers this morning for New Home Sales is certainly not unexpected if you live in many areas (and spreading) of the country where it appears we are sliding into a recession. People are looking around in other areas of the country to see if they can find work in the pockets that are still producing jobs.. The housing market has a large domino effect on all areas of the labor force. In Florida we are in a recession right now and many people are not even aware of it. They know that their income is way down but have not put all of the pieces of the puzzle together as of yet. It is like a death dealing illness at times. You do not even know you are sick until you are at deaths door. A recession can be taking place and the people are not aware of what is going on until something really bad happens to them (like not being able to make their mortgage payment). The consumers needs to be alert as to what is going on in their areas and adjust their budgets and tighten their belts to get though these times. Cut down on your spending habits and try to build a lower budget to fit your reduced earnings. There are going to be tough times ahead after a long string of great economic years. Have you put something aside to weather the storm? www.rateinformer.com