Economic Recovery: A Real Recovery or Mirage? (Pennsylvania Real Estate - Southeastern PA)
The news on the U.S. economic recovery appears to be getting better: consumer confidence is up, unemployment rate is down, employment in healthcare and manufacturing sectors are growing, and the stock market appears relatively stable. But, with so many conflicting headlines, it is hard to know what is real. Is this a real recovery or a mirage? What about Real Estate? One day, sales are up, while the next day, prices are down. Is the housing market coming back to life?
In our marketplace, the housing market is showing signs of a recovery: housing prices have stabilized and pending sales have grown at a positive rate each month since April 2011. And through March 2012, the number of pending sales is approximately 20% over what they were in 2011.
According to the Spring/Summer 2012 issue of The Chairman's Report (A Message from Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS®:
“The good news keeps getting better, and the signs are very real — our country’s economic recovery is not a mirage that will disappear before our eyes. Our economy has strengthened and our real estate market is heating up. Because the key indicators have changed gradually over an expanded period of time, it hasn’t always been clear that we were headed in the right direction. Caught up in the daily news of stops and starts, highs and lows, it’s been easy to lose sight of where we were headed. But now we can see that the upturn is real — this is no mirage!”
Click on the “FullScreen” icon on the bottom panel to maximize the document.
Share Your Thoughts...
If you’re ready to buy or sell a home, please contact me today for a complimentary consultation and let’s get started!
Letitia Stevenson, REALTOR® | Licensed in DE, PA & MD |
Berkshire Hathaway HomeServices Fox & Roach, REALTORS®
(Formerly Prudential Fox & Roach, REALTORS®)
Delaware Valley Real Estate and Homes for Sale:
Aston | Avondale | Bear | Berwyn | Chadds Ford | Chester County | Delaware County |Garnet Valley | Greenville | Hockessin | Kennett Square | Landenberg | Lincoln University |Media | Montgomery County | New Castle County | Newark | Newtown Square | North Wilmington | Oxford | Philadelphia County | Villanova | West Chester