Economic Recovery could be Quicker than past Recessions according to the experts. Citing growth in both consumer and business spending, economists Justin Weidner and John C. Williams said recovery “is likely to be faster than from the two previous recessions” in a report released Monday. The Northwest Suburban Real Estate Market continues to Rebound with [...]
Experts expect a speedy recovery and gains in Real Estate Sales.
Defying many analysts’ predictions, economists Justin Weidner and John C. Williams say the rebound ‘is likely to be faster than from the two previous recessions.’
New EPA Remodeling Rules is not well known by the public and contractors are not prepared
We now expect the economy to grow by about 3.5% this year, a rate
that’s still well below the typical post recession surge of 6.5% or so.
But it’s a solid, sustainable pace. And it’s a lot better than
last year’s 2.4% decline in GDP.
Consumers and businesses are buying again. A close look at the good
news of a 3.2% pace of economic growth in the first quarter reveals
the really good news: Final sales to domestic purchasers — which
don’t include inventory buildups or trade — rose at a 2.2% annualized
pace. That’s the second best showing in three years and up from the
1.4% rate in the fourth quarter of 2009, when GDP overall was growing
by 5.6%. It signals a genuine pickup in U.S. consumers’ interest and
ability to buy and indicates that businesses are no longer simply
restocking bare shelves, but investing in new equipment and moving
product out the door.
Total consumer spending, which accounts for more than two-thirds of
GDP, increased 3.6% in the first quarter, more than double the 1.6%
gain posted in the previous quarter. In 2009, household purchases
dropped 0.6%, the biggest decline since 1974.
A modestly improved housing market also will be a plus this year.
Although residential construction won’t take more than baby steps
until 2011, the sector won’t subtract from GDP this year the way it
did from 2006 to mid-2009. But spending on commercial construction
such as office buildings and shopping centers will remain a drag on
growth through this year.
Image via Wikipedia Lost Military History of our Area Barrington, Palatine, Hoffman Estates, Arlington Heights, Deer Park, Vernon Hills, Schaumburg, Libertyville, Addison It is the first Tuesday of the month at 10:00 a.m. and you hear the Tornado Sirens sounding. But these sirens were not created for weather warnings. In the 1950’s and 1960’s the warning sirens [...]
Cook County Real Estate Sales Statistics
Market Data on Home Sales in Palatine, Schaumburg, Arlington Heights, Barrington, Hoffman Estates, Rolling Meadows and all other towns in Cook County IL.
Coldwell Banker Offers an $8,000 buyer incentive program after April 30th.
Real Estate Sales are Improving in Hoffman Estates
Real Estate Sales Improve in Palatine, Il