This being the worst month in regards to a sales drop in United States history, retailers are saying they are not surprised. In November the sales decrease totaled an $11 billion dollar loss, a huge hit for the economy, which is only making matters worse. Retailers said that they won’t be surprised to see things get worse before they start to get better.

Most retailers see about 50 percent of their sales revenues from the holiday period of October through December. With the way sales are dropping, especially during this crucial holiday time, it is having a worse effect on the economic state then the sales generated through out the rest of the year.

There is really no way to look at the figures and put it in a positive light. The sales drop is worsening the economy for retailers. Although the January through November sales showed some promise, especially when the car and car parts were taken off, it is still not good enough to bring the outlook up.

The worst part is, even with this economic downward spiral, continued rising prices should be expected. Gasoline may be going down, but they still are making profits, especially with the way prices looked a month ago. Even with the decrease in gas prices, more needs to be done to help our economy begin to stabalize.

When you take the statistics for holiday retail and combine it with the most recent job loss numbers this directly effects the Denver Housing market in a negative way.

Post from: Urban Synergy Realty, Denver Colorado Real Estate, Denver Colorado Homes for Sale

U.S. Retail Sales Fall Again

The condition of the national economy is dismal. In fact, it’s about the worst any of us alive have seen, except those octogenarians who lived through the Great Depression as children. Fortunately, we have tools now that those before us did not. We live in an instant world, and the condition of the national economy can change with lightening speed. Consumers contribute a great deal to the condition of the national economy by their confidence in it, and with breaking news reports, computers sending out RSS feeds, technology allows us to reach consumers instantaneously with good and bad reports on how the economy is faring. Based on news reports, people make their own decisions on the condition of the national economy, and if they hear good news, they are more likely to spend, which is the best way to shore up the economy right now.

Unfortunately, the news has been bad for months and months. But that’s changing. The election is over, and the new administration is announcing their plans for an economic recovery, and the stock market appears to have stabilized, so the condition of the national economy may improve shortly. This is good news. More good news is coming from the real estate market in cities where housing is in crisis. There are reports that foreclosures and short sales that are finally selling, with lenders entertaining multiple offers on homes. Now that’s very good news. Once housing starts to recover, so will the rest of the economy.

For more information regarding the local Denver economy and how it effects the Denver real estate market visit www.UrbanSynergyRealty.com

Post from: Urban Synergy Realty, Denver Colorado Real Estate, Denver Colorado Homes for Sale

Outlook on this Dismal Economy