Fed Chair says that recession will end in 2009. What is your opinion? I am optimistic and yes I believe that the economy is showing signs of life. There is a very tiny ray of light at the end of the tunnel and we need to build on it.
Real Estate is one of the most important forces for growth in the economy. It is certain that we are starting to see a rebound in the communities I serve. Properties that are priced right sell very quickly and a high percentage of them have multiple offers. There is a general feeling that we have bottom out and we are starting a level off period in my market.
With the government demanding more accountability from banks and demanding that they open credit markets for credit worthy borrowers and small businesses, this is the first step in the recovery of our economy.
Please let me know your thoughts on this important issue.