Things Are Definitely Looking Up

If it is true that real estate leads us our of a recesson -- things are looking up!

We don't have to look to far to see the light at the end of the tunnel.

Usually when real estate professionals deliver a market outlook, we look at indicators from the housing market. The National Association of Realtors (NAR) is reporting good things these days. But maybe it is time to look at some other indicators.

Tuesday the stock market hit its highest close since 2007. According to Boston.com, the Associated Industries of Massachusetts (AIM), which is an association of Massachusetts employers, recently reported that a statewide confidence index posted a 57.7 reading for April -- the best monthly reading since August 2007 and it's up 2.3 points from the March reading.

Margaret Kelly, the CEO of RE/MAX International, also painted a very optimistic picture in a recent television interview. Her optimism is the result of some very positive numbers in pending sales. However, she did note that some of the restrictive lending practices of many banks should be reviewed.

When people with good credit can't get mortgages, the housing recovery will suffer. It has been suggested that housing leads us into hard economic times and it also leads us out -- it would seem the housing recovery is once again leading us to a healthy recovery.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


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