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August 11, 2008

7

LEADING INDEX DECLINES 0.1 PERCENT IN JUNE

by Bob Schwartz

The U.S. leading index decreased 0.1 percent in June, marking the second consecutive monthly decline. The Leading Index, which now stands at 101.7, is used to estimate future economic activity and is based on performance of 10 key economic components, including unemployment figures; manufacturers' orders; residential building permits; and consumer sentiment.                                                                   San Diego real estate blog

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7 Comments
  1. Aug 11 2008

    The good news is, once the dust settles, the new and improved mortgage payments will be a piece of cake! San Diego Bail Bondsman

  2. It’s just surprising that so many people with the clear signs that were present in 2004 and 2005 didn’t say that the San Diego real estate bubble was about to bust. San Diego medical trials

  3. Aug 11 2008

    It seems speculators were first into the dot com boom, when that went bust they moved into real estate and now it seems like they’re moving into commodities. Houston Texas Lawyers

  4. Aug 11 2008

    Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate. Oakland Lawyers

  5. In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments. San Diego Dental Implants

  6. Property prices are only beginning to tumble. They will stabilize when they finally hit or surpass equilibrium value as determined by their P/E Ratio. San Diego Real Estate Agents

  7. Aug 11 2008

    “we’re nearing a plateau” – this is wishful and dangerous thinking. We’re not even halfway through the subprime resets, and starting next year a wave of even more toxic Option ARMS will start resetting. Home prices will be falling for the next 10 years. Buy a home to ENJOY if you must, but don’t look at it as a get rich quick investment. Las Vegas Legal Advice

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