Economy Improves, Real Estate Sure to Follow

    On paper, U.S. stocks gained nearly $1 trillion in value in the month of April. So at least we know where some of the government stimulus money is, just kidding.  Seriously folks the economy is improving. 

   April was Wall Streets best month in nine years.  The Standard and Poor's 500 index, considered the most reliable measure of the broader stock market, climbed 9.4 percent last month, it's best performance since the peak of the dot com bubble in the spring of 2000.

   Economists tell us that the stock market tends to get back on its feet just ahead of the economy as a whole. Tellingly, those gains held Thursday even as the news came out that Chrysler, one of the Big Three automakers, was filing for bankruptcy and the media was playing the swine flu epidemic for all it was worth.  Just a few months ago either one of those new stories alone would have been enough to tank the market.

   So is this the beginning of the end of our most recent recession?  Past experience would certainly seem to indicate so.  Meanwhile the phones here at Newcastle Square Realty World Headquarters have been ringing more steadily and the emails have become more frequent. The brokers here all have showings scheduled for this weekend already.  If you've been waiting to time the market, you may have already missed the bottom but opportunities still exist.  Why not make that call today?

Jim Cosgrove

Comments

[therentalbug]

According to the economists if economy is really going to improve then real estate business will surely grow up.