PLYMCO_PILGRIM
Gold Member
Problem for you is that real estate is still in the gutter. 2011 was a record all time low for new home sales. Sales in general are still pathetic.
The only reason parts of our economy are inching in "growth" is that Republicans have deadlocked what used to be an all Dem congress. Preventing them from continuing to implement policies aimed at destroying our economy, has at least stopped the downward spiral. We're not going to have real growth of any significance until the Dems are thrown out of office, either Congress or the White House or both.
Home sales hit 11-month high | Reuters
WASHINGTON | Fri Jan 20, 2012 4:52pm EST
(Reuters) - Home sales hit an 11-month high in December and the number of properties on the market was the fewest in nearly seven years, pointing to a nascent recovery in the housing sector.
The National Association of Realtors said on Friday existing home sales increased 5 percent to an annual rate of 4.61 million units, with all four of the nation's regions recording gains.
Sales of both multifamily and single-family homes rose.
Like I said in the first post I made in this thread
Economy improving, leading indicators say - Economic Report - MarketWatch
The U.S. economy is expected to improve early this year, though global conditions present a risk, the Conference Board said Thursday as it reported a gain in its index of leading economic indicators.
The private research groups leading economic index rose 0.4% in December, led by the interest-rate spread. In November, the index rose 0.2%. The LEIs a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs.
I sure hope it takes off....all the indicators show that this could be a good summer for the american economy and job market.....PLEASE LET IT HAPPEN
Now that the stimulus is done and the govt has no more money to tinker with the economic balance I think it be a good summer.