What’s The Word?

Today we are awaiting what the Federal Government is going to say about the state of the economy. This will predict the future of the housing markets nationwide.

We have learned this week that unemployment fell from 8.1% to 7.3% in the last year. We have also noted that grocery prices have risen 2.1% and that 15% of Americans live in poverty. But we are still awaiting the final announcement from Ben Bernanke.

In the last year home mortgage interest rates have risen around 1-1/2% but still boasting incredibly low rates. I do not see much of a change in the near future and now is still a superb time to buy or sell your house. As a matter of fact there are actually more home buyers than there are home sellers. That makes for a great housing market and a good sign the economy is improving, even if its slow.

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