Esmael Adibi

We already know the number of permits drawn by builders has decreased and is going to continue to decline because read more

We already know the number of permits drawn by builders has decreased and is going to continue to decline because of the cool-down in the housing market. We won't need as many construction workers.

Consumers, with higher energy prices and higher interest rates, are going to have cut back somewhere.

Consumers, with higher energy prices and higher interest rates, are going to have cut back somewhere.

Real estate is a big concern, and we're going to have to watch it carefully.

Real estate is a big concern, and we're going to have to watch it carefully.

The employment numbers are pretty decent. But the concern I have is that two of the sectors showing the most read more

The employment numbers are pretty decent. But the concern I have is that two of the sectors showing the most strength construction and financial activities are very interest-rate sensitive.

Right now, as long as the prices are steady and people have their jobs, I think they will do what read more

Right now, as long as the prices are steady and people have their jobs, I think they will do what is needed to make their payments and avoid the foreclosure process.