We've entered a down cycle and the question I'm wondering is: how much scaling back in spending will the large companies do - because I think that's the real measure of what's to come.
Hi Amy, good, thoughtful posts today, as always. The San Jose Merc business section has an article this morning saying HP has put on a 3 month salary freeze. When I saw the headline I thought I'd be seeing a lot more than that. Just an indicator though of the slowdown.
As for houses for sale, I always see some, but not a lot around here. Holiday season is a slow turnover time. April-May is the hottest, but I'll be keeping an eye out right after the holidays, to try to spot any trend. As I recall, the biggest turndown for housing in the SC Valley, at least in my time here, was after the '89 earthquake, and recessions in 90, 92 and 94. Even then, prices only backed off 20 - 30% from the highs of the late 80s. They were kind of flat until about 96, when they started a parabolic rise. We'll see this time.
www0.mercurycenter.com
Tony |
