The real estate market is so closely aligned with the fate of the overall economy, this week gave us reason for encouragement. Fed Chairman gave a more upbeat assessment of the economy saying, "we have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold." Also the S&P 500 and the NASDAQ rose 10% and 12% respectively. And U.S, retailers posted the strongest revenue growth since 2006.
Specific to real estate, buyers are coming back into the market already. Rates are still good and expected to rise over the year so I see this as a push for buyers. What we need is inventory and I have a sneaking suspicion that it's coming. My carpet cleaners and other vendors are getting booked up - love these signs!
For information specific to your neighborhood, email me.
Tracy
Monday, January 10, 2011
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Been reading this site for awhile now, always has really good posts and topics please keep it up! loads of blogs are going under lately from lack of new posts etc
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