I don't know for the life of me how much stock anyone puts into reports they read on Yahoo, but if you haven't read the latest on about the recession, it's pretty optimistic. Financial experts are claiming that the recession should see an end by the end of the year. At this point, companies should begin adding jobs back to the market and unemployment should top out somewhere around 10%.
There's even good news for the housing market, as the same experts say that the housing market should start to pick up as well. Home sales should start to pick up by midyear, and prices should start the road to recovery by the end of the year. Experts say that home prices will not recovery to the previous high during the housing boom we experienced in years past, but they will recover none the less.
The fact of the matter is that now some experts are starting to change their tune and back away from the doom and gloom constantly reported throughout this ordeal. Some of them are now saying that there is a visible light at the end of the tunnel and are no longer proclaiming it to be a train as once believed. Whether or not it makes your day to read goods news, I for one think it's nice to read at least a little optimism from the "experts".
In all honesty, even the experts can't completely predict what will happen in the future or what tomorrow will bring. But at the very least, they now expect positive changes to the economy to take affect within the next few months and that should at least sound like welcome news to all of us affected by the economic downturn. There are signs of improvement on the horizon.
Lately I have seen a significant increase in the activity of the Columbia, SC real estate market, and I have spoken with others that are reporting the same. We were lucky enough not to be as deeply affected by the recession as some other parts of the Country, however, even we will be happy to get back to a more normal and balanced market. Consumer confidence is the key to watching this recession melt away and become a part of our past, and at the very least, there are many signs that confidence could be on the rise.
To read the Article on Yahoo referred to in this post, please click here.
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