Fourth-quarter 2007 opened with consumer technology dealers and custom integrators competing for business amid a decidedly mixed macro-economy. The rich were still rich and still spending, but the lower- and middle-income customers were pulling back, if not hit hard.
The impact of the housing downturn, the August credit crunch and current and impending mortgage foreclosures varied greatly on a market-by-market basis. Adding to the mix are high gas prices, pre-election jitters and, to a lesser extent, the ongoing war in Iraq.
AVB/BrandSource CEO Bob Lawrence said California and Florida markets “continue to be real tough,” yet the Northwest “is having a great year.”