It's looking good peeps! The economy, especially the housing market is making its way back up the latter. Let's look at some geographical stats:
Northeast: The Pending Home Sales Index shot up 32.6 percent to 78.9 in April and is 0.8 percent above a year ago.
Midwest: The index rose 9.8 percent to 90.4 and is 11.1 percent above April 2008.
South: The index slipped 0.2 percent to 93 in April but is 3.5 percent higher than a year ago.
West: The index rose 1.8 percent to 94.8 but is 2.9 percent below April 2008.
According to our money guru Bernanke,
"We continue to expect economic activity to bottom out, then to turn up later this year. Key elements of this forecast are our assessments that the housing market is beginning to stabilize. Final demand should also be supported by fiscal and monetary stimulus."
In Cali, our economic epicenter, data suggests that housing prices nationally could start to rebound relatively soon. That data includes two consecutive monthly gains in the median price of existing homes. In April, single-family median home price rose 1.4 percent to $256,700 YEAH!!!
As I
have mentioned before, KUDOS to all you investors out there, you are key to our UPTURN! Some investment companies like Discovery Enterprises are snapping up foreclosed properties at bargain basement prices. Then financing buyers with small down payments and less than perfect credit. Keep in mind that many of these properties are in need of work, so more jobs are created YIPPEE!!!
have mentioned before, KUDOS to all you investors out there, you are key to our UPTURN! Some investment companies like Discovery Enterprises are snapping up foreclosed properties at bargain basement prices. Then financing buyers with small down payments and less than perfect credit. Keep in mind that many of these properties are in need of work, so more jobs are created YIPPEE!!!Comments, Suggestions, Questions?
SEE YOU AROUND THE NEIGHBORHOOD!
