Oct 6, 2016
Plus: Peak prices and IMF forecasts
Words are important. The biggest institutions of the world are very careful about choosing the words that they put out into the world. That is why it is particularly important for all buyers, sellers, investors and real estate entrepreneurs to know that Bank Of America has been throwing around the "R" word! Not only did they use it, but one of their representatives described it as an "Imminent Recession". That is a big freaking deal.
We will also discuss the dubious milestone of most likely matching what home prices were in the peak back in 2006. While the article we will discuss seems to think this is a good thing, I will take a minute to reflect on why I think it is a bad thing.
The IMF has also downgraded the expected growth for the United States. This is not a good thing.
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