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Wednesday, May 31, 2006

Midwestern Growth

The growth of the Midwest expanded at it's fastest pace in seven months according to recent reports. However housing continues to be shaky while the 30 year mortgage rates match a four year high. Consumers are also struggling with higher gas prices making it harder for consumers to continue to spend at the same rate that we have seen in previous years.
In the realm of housing, experts still disagree as to whether we are experiencing a housing bubble, however at the very least it is certain that we are having a cooling off period. This is especially prevalent in the formerly hot markets that are now struggling with the bloated prices of the last couple of years.

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