Leading Economic Indicators Suggest End to Recession Is Near

Published On: June 22, 2009

According to a June 18, 2009 report from Bank of America / Merrill Lynch, there is reason for optimism, with respect to the US economy.  With appropriate caveats, the authors of the report suggest that we may be about 90% of the way through the recession, with recovery beginning in the late Summer or early Fall.

What are those caveats?  Overall, the consumer portion of the economy is mixed:  the workweek, jobless claims, and consumer goods orders remain weak; but consumer expectations are stronger.

Is there good news in there, for you, the home buyer or seller?  Absolutely!  As consumer expectations improve, so will activity in the housing market.  For the next few months, buyers will continue to have a good variety of homes from which to choose, while sellers will experience increasing interest in their homes.

Right now, on the "cusp" of the recovery, may prove to be the best time to embark on your next real-estate transaction.  Please Contact Me, to discuss your housing needs.