Home » General

The Turning of the Tide

8 May 2009 by John Tuccillo 511 views View Comments

Those straws in the wind are becoming a real bundle now. Bernancke says recovery is in sight, the stock market rally shows some legs, and pending sales of exisiting homes are up. Now comes the April jobs report and the number of jobs lost is 120,000 fewer than last month, and far less than expected by those who forecast these things. I think it’s safe to say that we are seeing the beginning of the end of this recession. More directly, testimony from Realtors around the country suggests that in most markets sales activity is up. Real estate professionals who are in this for the long haul are back in business in a big way. All in all, the late summer beginning of the recovery appears to be right on track. One last thought. When the jobs report comes in, please understand that it is a net number. That means that even though more jobs are lost than are created, jobs are still being created, and every one of those represents opportunity for the working real estate professional.

Print This Post Print This Post
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 1 out of 5)
Loading ... Loading ...
  • This is DEFINITELY True for me and what I've experienced in my business. We had 5 closings in May and another 8 lined up for June/July.

    chrissy
  • Let's hope this is real. The turn around can't come soon enough.
  • I just read and article from Martin Wiess stating that the bottom was near (for housing) and we should see a turn around in late 2009 with a complete stabilization in 2010. Let's hope for the best...
  • I think the stock market will jump. Just a matter of time.
  • High darned time! Now let's work together to keep our industry clean and client-centered instead of chasing the next commission no matter what the human cost.
blog comments powered by Disqus