There's something in the air. The slumbering real estate market is beginning to show signs of renewed activity. If the first month of 2010 is an early indicator change is on the way. A wise client told me he knows a recession is over when all his neighbors buy new cars. Yesterday he told me his neighborhood is full of new vehicles. That's probably as good an indicator as an economist can tout, but just for good measure here is what the New York Times said:
Breaking News Alert
The New York Times
Fri, January 29, 2010 -- 8:48 AM ET
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U.S. Economy Grew at Annual Rate of 5.7% in Fourth Quarter, More Than Expected
The United States economy grew at its fastest pace in over
six years at the end of 2009, but a sluggish job market is
still souring economists on the sustainability of the
recovery.
If you are looking for signs of recovery before giving up your position on the fence, this might be the time to stop waiting for the bottom and start shopping for the home of your choice.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
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