Ramesh Nyberg's Real Estate Blog

I'm not sure if I have a favorite month, or if its necessary to have one, but November ranks pretty high for me. Thanksgiving is my favorite holiday...We are in the real "crunch time" period of NFL football...and today, November 19th, is my first son's birthday. Happy 24th Birthday, Erik!

Well, you've seen it on the news, probably in the newspaper, and on the radio: the recession is ending, or at least close to being over. Recently the Miami Herald published an article quoting leading economists, including Standard and Poor's, whose spokesperson cited a still "fragile" banking industry while saying we are exiting the recession.

Radio personality and financial advisor Rick Edelman recently declared that the recession is ending, and that there is actually cause to be excited. Though we "might not see any improvement for months," the improvement is underway already, as evidenced in the stock market.

"The stock market," he explains, "anticipates the economy.  It began falling before we entered the recession, and it is beginning to recover before we exit the recession." Jobs, he said, do just the opposite: Unemployment lags behind the economy. Jobs are lost after the recession begins, and recover after the recession has ended. Edelman, if you have not heard him, is excellent at explaining how money works, and how financial events affect our daily lives. He can be heard on Saturdays from 11am to 1pm, on WIOD (610am).

This is traditionally a slow segment of the real estate year. Most people have turned their attention to the holidays, family visits, shopping, and travel. But don't rule it out entirely--there are still those who want to close deals before the end of the year, and early to mid-December can sometimes be surprisingly busy. I will let you know in a December blog how that is going ;)

I want to wish all of you a great Thanskgiving holiday. Despite the tough road we have all traveled this year, there is so much to be thankful for. One of the things I treasure is the readership of this blog, and the terrific people I meet in this career. Thank you for doing business with me!