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Property Economics

Commercial Real Estate Property Market

Thursday, October 13, 2005

Tough Christmas?

Could be a tough Christmas for consumers this year with:

1. Heating oil skyrocketing and a cold winter expected in the Northeast


2. Mortgage rates on the rise

3. Credit Card Minimum Payments Increasing in January


4. Personal savings rates are negative

I predict one final dip into the home equity ATM may just save Christmas this year, but it could be a stretched holiday for a lot of consumers.
Posted by Paul Williamson at 11:24 AM

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Blog Archive

  • ▼  2005 (16)
    • ▼  October (4)
      • Coastal New Home Sales Plummet
      • Luxury Home Sales Stalling
      • Tough Christmas?
      • Lenders Tightening Loan Standards
    • ►  September (2)
    • ►  June (3)
    • ►  May (7)
  • ►  2004 (1)
    • ►  November (1)

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Paul Williamson
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