NeWS to KnOW

Speaking of recessions - I think it is worth noting there have been six major recessions since the Great Depression; three of them lasted a year and three of the lasted two years, start to finish. Recent macro-economic data indicates the current recession will likely last a couple of years. This recession officially began in December 2007, according to the government data wonks assigned to determine such things. If that projection is anywhere close to accurate, and assuming history will repeat itself, December 2008 should roughly approximate the darkest point of this recession. Considering the massive amount of stimulus that will be pouring into our economy shortly after January 20^th (Inauguration Day) - not to mention the trillions of dollars the major industrialized nations will collectively be pouring into the global market place -- it is almost a "given" that our domestic economic picture will have brightened considerably by this time next year.

The "so what" factor here is that the view is much brighter when you look to the future by standing in the bow of the boat - rather than standing in the stern, watching the wake - and attempting to plot a course to tomorrow. Look for improving economic conditions to elevate business confidence, which will in-turn lift consumer confidence which will ultimately lead to a notable surge in home demand at a point where property values and mortgage interest rates are at multi-year lows.