Friday, December 2, 2011

Market showing signs of recovery?

Unemployment rate
Great news on all fronts.....

The Washington Post reports that unemployment rate is at 8.6% - the lowest since the drop in two years.  A strong sign of a recovering economy.

CNN Money reports that retail sales for the Thanksgiving weekend were 16% higher than last year - as reported by the National Retail Federation.

Realtor Magazine reports that pending homes sales in October 2011 surged 10.4% over September 2011 and 9.2% over October 2010.  That continued with inventory decline shows that the real estate market may be on its way up again.

These are all great signs for home buyers and sellers.  If you intend to have a real estate transaction but sitting on the fence undecided, now may be the time to call your Realtor.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
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