More bad news about your economy ?

Construction Spending Falls, Tops Projections, Houston business journal 1/5/09 this is a headline and similar other I read over the week since Monday the first day .. the news goes on...

U.S. construction spending continued to fall in November, but the slowdown was much less than expected. The U.S. Commerce Department reported a 0.6 percent drop from October to November of last year.

Analysts polled by Reuters had predicted the drop to be a much steeper 1.3 percent. October’s drop also was revised to 0.4 percent from the originally reported decline of 1.2 percent. Private home building -- which makes up roughly a third of total spending -- fell 4.2 percent to an annual rate of $328 billion, the lowest since August 1999.

On the other hand, public spending grew by 1.4 percent in November of last year. Federal building was up 6 percent, and state and local building gained 1 percent.

Total public construction spending reached a record high rate in November of $322 billion. Compared to November 2007, total construction was down more than 3 percent.

Well ? How is your your local market ? For me I specialized in Retail and office Building from 5,000 to 15,000 sq. ft building ... so far last year I have been busy working on my database of investors but almost all are holding on with their purchase ? what are they waiting for ? I asked... same answer everywhere - economy to get better before they embark in purchasing Commercial Property...

With all the doomsayers, pessimistic , negative news reporters and analyst and so called real estate experts nationwide reporting on the current economic turmoil, some even predicts doomsday of real estate is coming… no wonder 70% of realtors last year substantially drop their income level. (I don’t have statics on this one yet, this is based solely on the Realtors I have interviewed.)

What are you going to do if you are investor, broker or simply an individual wanting to increase your income this year?

Simple do not believe what they say about the economy and focus on your own, solve your own problem PLAN TO GET RICH … the most honorable thing you can do.

For your investment clients do them a favor and ask what is important - The economy or their own pocket book – would an investment with sure cash flow affect the economy or your pocket most ?

What am I going to do since many investors tend to procrastinate – I AM LOOKING FOR MORE LISTINGS…. By the time they all decide to buy I will have lots of inventory… sounds logical ?

I don’t know about you but in our office we experienced tremendous growth in both our level of income… and activities... how did we do that send me an email : jverar@cbcworldwide.com