Economy in Recovery
Even More Signs of an Upturn
Forbes is one of my favorite resources for market insight, market updates, financial help and just good reading material in general. Today was a particularly good find about our market in recovery. The link for the complete article can be found below and offers more information.
Our economy and market is in such a unique place that the Federal Reserve Bank of New York’s Community Bankers Conference was based upon why this specific time is a time of such transition and why this is a different market than we’ve ever seen.
Clearly, the economy is on the right path to recovery. This news is everywhere,especially the housing market and in the unemployment rates. The amazing fact is that for eleven consecutive quarters there has been positive growth for gross domestic product and this is a great indicator that there could be a slowdown in the inflation rate that has been so rampant these past several years.
The shift that may be happening within the economy could be permanent or it could just be another transition. Only time will tell where the market is leading, but the good news is unemployment rates seem to be sinking back into the 6-7% range rather than the whopping 8.3% that it recently was at.
One interesting relationship that was discussed at this same conference was of the relationship between new housing starts and the formation of new households. This relationship might indicate a huge shift in the rationale for home ownership rather than remaining a renter. Of course this is based on how the housing market is currently handling its sales and the intense amount of multiple offers rolling in on homes. Goes to show home ownership is still a goal of many American families.
These trends need to be carefully watched and monitored so keep your ears and eyes open for news! You never know what will affect our market next. And you never know when you might need access to a Real Estate expert, such as myself, to help take advantage of this market!
For the entire article click this link.
Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate. Serving Sonoma County since 1988. Her number is (707)523-2099 and you can also visit our redesigned website at http://www.sunpacmortgage.com Also be sure to like us on facebook! Click this link!