As a follow up post to the first one last week on economic indicators,  below are three more sound reasons to be confident that our real estate market will be supported by forward steps in the economic arena.

  1. The Treasury Department’s efforts to engage China in allowing its currency to rise in value against our dollar promises to narrow the substantial Chinese trade surplus with the U.S.
  2. Consumer spending marches along as strong as ever, with the third quarter of last year (the most recent data), up 5.4% from a year earlier; consumer consumption bolsters the economy, even despite weaker car sales.
  3. Non-residential or commercial construction spending soared at its fastest rate of gain in 25 years, coming in at a robust 27% higher in the third quarter than the previous year.

Have a great day, and please consider using Jenny Pruitt & Associates for the purchase or sale of your next home.