Published March 2nd, 2009 by Mickey
February Posts Surprisingly Mild Gains
A surprise came this past month when unexpectedly home sales seemed to be leveling off and are showing signs of moderate sales in the positive sign of sales. This is however overshadowed by the rising jobless rate which seems to be placing a damper on any gains the economy is showing. Even with the Federal Government shelling out trillions of dollars, it seems to be doing little to bolster the confidence of consumers to go back into buying. This economic downturn is turning the US into a Thrift Country where everybody is on a savings spree, keeping more cash in their pockets as much as possible.
The housing industry is on the rocks ever since the market bubble burst last year sending everybody crashing into the ground, leaving many in the dust as to their mortgages ending up in foreclosure for millions of Americans. Millions are still at risk even with the government’s aggressive drive to help the economy. The positive trend is welcome enough to most who have been facing dismal sales and even causing cascading effects down the line in the construction business among some who rely on the housing market. Just hope the trend continues to get the millions of people the peace of mind they seek that have been wrecked by this economic recession.