Off the Press from Jim Weichert
The stock market, a great indicator of real estate success, gave great reason for optimism on Tuesday.
According to the Associated Press, stocks surged Tuesday on signs of resilience in the housing market and falling oil prices. Investors’ reassurance in the housing sector came after the National Association of Realtors announced that pending sales of existing homes rose in February at a seasonally adjusted annual rate of 0.7 percent, stronger than investors had been expecting.
Kim Caughey, equity research analyst at Fort Pitt Capital Group said it best, “Consumers are optimistic about the future, and as we all know, the consumer drives this economy.”
Spread the great news!
Jim Weichert
