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Perspective

This was a week of bad news.  Turmoil and the threat of war in the Middle East, a world on edge as North Korea flexed its nuclear muscle, oil at an all-time high and gas prices pressing through the roof.  As the Fed continued its steady increase of interest rates, the stock market gave back all of its ’06 gains and the polar ice caps continued to melt.  What else can go wrong, and what will be the effect of all of these events (with the possible exception of the ice caps) on real estate?   Thankfully, there is no immediate worry. But you can bet that all real estate executives across every sector are calling special sessions of their teams to discuss what all of this will mean for their business.  One thing is for sure. Regardless of how these issues evolve, corporate officers, developers large and small, brokers and investors alike, have all already begun to question whether the bull is turning into a bear.

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