“Oil needs to get under $100/barrel. If this does not happen, do not expect housing to come back
anytime soon.”

Steve Palm says so.

After crunching his numbers through the first half of 2008, the last sentence in his June 2008 letter is macroeconomic. All real estate is local, but if the consumer is strapped, the consumer is strapped!

steve-palm-letter-july-2008

Steve is one of the smartest guys in Atlanta real estate. He says that we are on pace to repeat 2003’s numbers, so sellers - take heed!

So my business partner Greg said - “dude, you haven’t posted since July 7! Come on now…

I said, Greg 11,533 people hit my Trulia page last month. I’ve been busy. We’ve been writing contracts day after day. Our listings are getting shown (except for the Arizona Loft) all the time. Cut me a break - it’s just a blog.

Regardless, that’s no excuse. So that being said, stay tuned. We will be talking about real estate.

Y’all say a prayer for the Memphis Soul family, who have lost one of the greats - Isaac Hayes. Jesse Jackson introduces this video from Wattstax, a 1972 concert held in LA. Since Isaac was a key component of the Stax records family, he gets front and center here with a smokin’ version of the Theme From Shaft.

We will talk about Intown Atlanta real estate in the next post…