Of Construction Spending and Pending Home Sales
Surprisingly good breaking news for the real estate industry, there seems to be a small rise in spending in construction spending this month as with the similar rebound for February existing new home sales. They are however wisely met with skepticism due to the fact that most gains are downplayed by other economic developments that continues to result from this recession. Is this the recovery many industry experts are waiting for to ring the recovery bell, not at all and it may be a fluke of the markets due to the outpouring of government dollars and other incentives extended to boost the economy. Read the rest of this entry »