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Are America's Housing ATMs All Tapped Out?
2007-04-30 21:44:00
Today saw the release of the US Savings rate, which improved from the last reports.  It is still in negative territory at -.8%, but is up from -1.2%.I know, many of you probably don't follow this number, and some may not even know what it means.  Basically, its interpretation is that Americans continue to spend more money than they make, hence the negative number.  It does leave out some information such as house appreciation (or depreciation).  What it means to us in the real estate market, especially those doing mortgages, is that there is still a major need for Americans to seek certified mortgage planners, and I mean the ones that can prove they earned the title, and be able to properly integrate their mortgage into their overall financial and investment plans.  Failure to do so, could be detrimental to your financial health.The one curious question I have at this point, and hence the title of the post, is about why the numbers are improving.  M...
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