Although home prices have declined rapidly in recent months …
Sunday, June 1st, 2008* U.S. GDP grew just below 1% (annualized) in 1Q 2008, with final sales to domestic purchasers falling (slightly) for the first time since 1991. Weak consumer spending, a pronounced shift to decline in business investment, continued rapid declines in residential investment and even a slowing in state and local government purchases were notable contributors. Businesses continued to liquidate inventories. Still soft (less than 1%) domestic final sales growth should continue this quarter, while market looks for continued improvement in net exports to push GDP growth to near 1% once again.
investment property