Stockmarket Update: Dow Pushes 12,000 Again, So What’s Next?

January 26, 2011 by lourie

The Feds, at least for now, have decided to leave current interest rates and bond programs where they are…the operative words are “at least for now”. The excitement is over a big increase in new home sales…one of the worst hit sectors of the real estate market. So this could be signaling another sign that our economy is starting to turn around, and recovery of the real estate market is very near.

According to market analyst, Charley Blaine, “Investors and the Federal Reserve now agree: The economic recovery is strengthening. As a result, stocks are higher…pushing above 12,000 for the first time since June 2008…however the recovery is “insufficient to bring about a significant improvement in labor market conditions.” So, the central bank said it will continue to keep interest rates at record lows, and it plans to finish its $600 billion plan to support the economy.”

Are you looking for information on current home prices in the Phoenix Metro area? Then CLICK HERE and explore the Ultimate Live MLS Home Search…real time information at your finger tips. An interactive site that allows you access to the same live data, tax records, photos, and documents that your real estate agent has!


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