Mohamed Ibrahim’s Blog

Just heard today that the consumer price index showed that food and basic services price increase by 0.4%. This is very bad since it indicates inflation while we are already on the rim of a recession. This means that feds will have to increase rates to fight inflation, which will further affect the real estate market.

I’ll try to update my analysis charts to see what happened in the past two months and get a more visual indication of how fast we’re falling, so expect another post soon.

This entry was posted on Wednesday, February 20th, 2008 at 10:07 am and is filed under Real estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.