The S&P has reached an intraday trading level of 800. The dow Jones industrial average has climbed by 300 points. Housiong has led us into this mess and housing should be leading us out.
Let's let the Geithner toxic asset plan have a chance and let's start to be optimistic that we can climb out of this mess before the year is over!
Terry - Like politics, Real Estate is a local phenomenon. The uptick in homes sales I mentioned was 5% Nationwide. Some areas I am sure are still experienceing fewer sales and lower prices. Certainly foreclosures have added to the sales totals. What we need to keep in mind is the reduction in inventory as these toxic homes disappear from the market will help spur even more sales.
Bottom line Terry is we need to stay positive and take good news when we get it!
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