With mortgage rates at a 40 year low, we are finally seeing a turn around in buying activity since the three year down turn. There is a buzz among buyers as the bursted bubble is developing into an opportunity of a life time that looks to remain viable for another 2 years. The big question is will we have a sustainable recovery? Indicators are positive with home prices at an all time low and impacted primarily with high foreclosure rates as greedy banks are trying everyway possible to squeeze the last penny out of homeowners in financial turmoil.
While we see an unemployment level of 9.7% there is a recognition that unemployment is the first and foremost issue to address within the Government sector - hence a 15 Billion Jobs Bill and an expansion of the Small Business Loan Program. In addition, we have witness the solidifying of the Banking Industry through globalized bailout efforts allowing for future stabilized funding.
No comments:
Post a Comment