Year
five of the recession and I hear good news but like many people I am
wondering is it just fluff or is it a true step to a real recovery. In
trucking, we see good indicators but the overall plight of the public is
not improving. In fact, with so many news sources saying so many
things, it is hard to really know how relevant the news is in our daily
lives.
Likewise,
I search for indicators that do show ACTUAL economic change, not just a
spin on things that really are not. One indicator that is good news, is
the housing report. According to an article in Transport Topics, US home sales are on the rise.
This
being true that is a really good sign. Someone somewhere has to be
buying a home to get the prices to rise. Even if this is an artificial
jump, rising home prices might help people refinance or sell their homes
to get out from house payments that are beyond their means.
I
would not read more into this than that. Home price increases are a
small forward step in what appears to be a slow recovery. It is still a
positive step though...
US-Home-Price-Gains-Hit-Six-Year-High(2013, January 14) retrieved from http://www.ttnews.com/articles/lmtbase.aspx?storyid=2158&t=US-Home-Price-Gains-Hit-Six-Year-High
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