Newspaper publisher McClatchy Co. reported a 9.5 percent decline in second-quarter profits Thursday as a sharp falloff in real estate advertising in California and Florida hurt results. This is one reason you rarely see front page headline on how bad our the real estate market really is! [tags]real estate,housing bubble,San Diego real estate[/tags] San Diego real estate blog San Diego real estate market foreclosures
3 thoughts on “Real estate slowdown hits profits at Major Newspapers”
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All real estate bubble areas are now effecting the local economy.
But, now is an ideal time to buy in San Diego! WHY? Great inventory, low interest rates (for those who need financing) and some very motivated seller’s
Mark my words, either Obama or Clinton will win – and the legal changes they bring will force a more equitable distribution of wealth AND risk. First, rebuild the social safety net, shredded by decades of rightwing mismanagement. Second, better govt regulation will bring more centralized control back over the markets. As time goes on, the federal govt will reassert its rightful authority over more sectors of the economy, and we will march together into a brighter future for our children!
Hillary
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Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
Bill
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