Recession to End Soon
WASHINGTON – "New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow Industrials surged over 8,000 for the first time in two months.
The Commerce Department said orders for manufactured goods rose 1.8 percent in February, reversing six straight monthly declines and easily beating estimates of another drop. Other economic indicators came in better than expected Wednesday, including construction spending and pending home sales.
Meanwhile, world leaders meeting in London on Thursday pledged $1.1 trillion to global institutions such as the International Monetary Fund to combat the downturn. And the European Central Bank agreed to cut a key interest rate to a record low of 1.25 percent."
The preceding quote was from an article written By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, AP Economics Writer
I'm seeing increased activity in the real estate market. Prices are down. Interests rates are near all time lows and there are some affordable homes on the market.
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