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Patti Longo's Blog

By Patti Longo | Agent in Andover, MA

More Good News for the US Economy?

More Good News for the US Economy?

The US economy has seen a heartening rebound over the past few months, with GDP and income ticking up and jobs steadily returning.

The positive results give us reason to be optimistic about the housing market, both nationally, but also locally in Westford (as Westford MA home prices rise).  The combination of rising household incomes and low financing costs are creating a tremendous buying opportunity for those looking to get into the market.

More good news came through in the past week for the US economy on top of this with the Conference Board of Consumer Research Center's Consumer Confidence Index.

The Index in January has approached levels not seen since May 2010.

More specifically, a full 19.0% of the survey respondents anticipate improving business conditions over the next six months - a marked increase over the previous month's level of 16.8%.

The portion of consumers expecting their personal and household incomes to rise also grew in the latest results - to 11.4% from 9.9%.

While unemployment still remains high on a national level, the latest spate of positive macroeconomic news seems to be setting a stage for a strong spring in the real estate market.

With mortgage rates already starting to climb off of their historic lows and Westford MA homes prices rising, now is looking increasingly like a good time to be looking if you're an opportunistic home buyer.

If you're considering starting your Westford MA homes search, contact us today to get us started working for you!

Browse our exclusive Westford MLS search to see all current listing in Westford MA!

Comments

By Kevin Brisky,  Thu Feb 3 2011, 09:17
Thanks Patti!

These are some signs in the right direction!

Thanks for the post.

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