Comments from Nick Sepac, Broker/Owner to Agents/REALTORS in our office.

I found an interesting article about the majority effect on minorities. I am also including at the bottom of this page an article from The Australian discussing how American exporting has been surging and should more than offset the negative effects of the real estate industry in the U.S. GDP because of its relative size. I believe you will feel better about the near term of the economy after reading The Australian article.

You may be able to provide potential buyers some added incentive to purchase, before the general public becomes informed about the relative strength of the economy and sellers try to negotiate harder than they currently are.

November 23, 2007  Article From: The Australian AMERICA’S housing crisis is generally agreed to be the biggest risk for the global economy and financial markets today. This is understandable. Prospects for the US construction industry and for mortgage lenders and borrowers clearly are worse than at any other time since the early 1990s. But these risks are so widely recognized that one has to wonder whether they have been fully discounted by financial markets and largely recognized by US businesses and consumers. I am not suggesting that the worst is over for US housing construction and employment. The decline may be only half finished. Residential investment still has a long way to fall before it reaches a typical cyclical low. To judge by the present levels of housing starts and construction employment, therefore, US home builders (and perhaps their shareholders) are still in denial about their industry’s dire prospects. Click here to read the full article on the website.