Good news: Rate drops and recovery indicators

Doom is the only thing selling lately, but today we will bring you some of the Sunny statistics that are being largely overlooked. This doesn’t mean we are well down the road to recovery but there is the distinct possibility that 2009 will be a turn around year for the global economy, that turn around might be a turn for the worse too though! However, the statistics we will show you now are all positive economic indicators.

1: The end of March saw the housing figures compiled for the previous month [USA]. In February the US Housing sales jumped , existing homes up 5.1% and new build was up 4.7% as buyers took foreclosure properties and others that were thought to be at ‘bargain basement’ pricing opportunities. This could be a hiccup or it could be the start of a trend, it is important to note however, that it took spectacular price drops for the renewed activity to occur. The economic stimulus package also provides tax relief to eligible first time …

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