Investor Report; Economy is Growing

[hometowngrl53]

Investor Report: Economy is Growing
by Kenneth R. Harney
Despite a lot of sobering economic news for housing and real estate, there are some definite positives taking shape out there.

Pooh-pooh them -- or ignore them -- at your own peril.

First, the powerful combination of fixed 30-year mortgage rates in the mid-5's and house prices rolled back to 2003 and 2004 levels in some areas HAS to begin attracting the attention of consumers. That could happen as early as this Spring in some local markets -- or later in the year, but the buying opportunities are undeniable

read here http://realtytimes.com/rtpages/20080...storreport.htm

[flippinout]

It is great news that the economy is growing albeit rather slowly. Thanks for the post.