Currently there are some mixed signs for our economic recovery. What do you think? Would love to hear your thoughts!
-Economy is no longer slowing down
-Consumer spending and the housing market are looking a little better, especially after this Black Friday
-The economy is self-sustaining and has to kick into gear by end of 2011 (granted there are no security risks and major policy changes)
-Corporate profits have recovered and many are showing strong earnings reports. Cost cutting has proven positive for profit margins as well as over-seas sales
-Manufacturing has picked up
SIGNS OF RISK:
-Unemployment rate is not reducing due to the slow growth in the economy
-Expiring tax cuts cause uncertainty. If they are not extended we will have over $200 billion in tax increases to deal with next year
-The uncertainty of the above is halting hiring for many businesses as it will mean increased payroll taxes
-Economic problems abroad (i.e. Ireland bailout)
Find out if the market has stabilized in your neighborhood: www.homevaluesinyourarea.info
And thank you for making me your Orange County Real Estate Specialist!
Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN
Past President, Orange County Assoc. of Realtors