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Surprising Good News - The Economy Returns To Growth

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Real Estate Agent with COMPASS DRE# 01339266

Surprising Good News - The Economy Returns To Growth 

Reuters - "The U.S. economy grew in the third quarter for the first time in more than a year as government helped lift consumer spending and home building."

The surprisingly good news that the economy grew at an annual rate of 3.5% between July and September is worth noting as it signals the end of the worst recession in 70 years according to the Commerce Department. 

It's interesting to note that today - the day on which the Obama Administration can breath a sigh of relief as a result of their efforts to stimulate the economy - also marks the anniversary of the Stock Market Crash of 1929.

Comments(3)

Jane Wallace
HomeSmart Realty - Denver, CO
CRS | SRES, Denver Real Estate

That is Good News... Now we have to get the high end real estate market moving

Oct 29, 2009 09:01 AM
Kate Elim
Dockside Realty - Spotsylvania, VA
Realtor 540-226-1964, Selling Homes & Land a

Hi Stewart...Thank goodness you believe the reports.  It's interesting that there are so many that refuse to be at  all optimistic.  Things may change but right now they are looking better than they did a year ago.

Kate

Oct 29, 2009 01:28 PM
COMPASS PALM SPRINGS | Stewart Penn
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

Jane - We need to get every end moving ...:)

Kathleen - I wonder what all those naysayers, who wished Obama would fail, will say now!

Oct 29, 2009 02:25 PM