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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 21 Jun 2005 21:12:08 GMT
/ Author of the message: user@127.0.0.1 |
Title of the message: |
FYI: U.S. housing bubble may pop
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Text of the message: |
Economists warn of slowdown in the economy by year's end By Dean Calbreath UNION-TRIBUNE STAFF WRITER June 21, 2005 * Report: Housing market at risk By the end of the year, America's bubbling housing prices will likely flatten or pop, causing an economic slowdown, economists warned in a flurry of reports yesterday and today. Red flags issued by such diverse sources as the Merrill Lynch investment firm, the University of Maryland and the UCLA Anderson Forecast warn that a stumble in housing prices could take a major bite out of economic growth, damaging the already weak job market. Rising housing prices, as witnessed in Chula Vista and throughout the county, have been a key engine of the economy, with refinancings and home equity loans fueling retail sales and construction activity. Other signs of economic trouble also loomed yesterday. The price of oil surged to a 20-year high of almost $60 a barrel and the nation's |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.